Commercial Property Loans
However, considering the notoriously unpredictable property market, fluctuating demands, flippant tenants and long-period of vacancy often works against the borrowers.
Promising a huge, double-digit yield with long-term tenants paying solid rents, commercial property investment can be a money-spinning endeavour.
Banks are open to applications for a laundry list of properties such as storage sheds industrial facilities, warehouses, factories, commercial spaces and more.
And for this reason, commercial lending is considered risky than residential – which influences the process significantly. Rates are substantially higher and loan limits stringent.
The luxury of lenders mortgage insurance doesn’t exist in the case of commercial real estate loans. The life of a commercial property loan is shorter and the LVR is 65-70 per cent or lowers compared to residential home loans.
Unlike residential home loans, expect your lenders or banks to ask you to review your financials often. With a strict application process, you might need a Mortgage Premiers, a company that specializes in commercial loans for properties besides you.We commit to :
- Self-employed entrepreneurs
- Clients who are new to Australia
- Clients with bruised credit history
- Clients thinking about refinancing
- Quick responses on rush-deals
Word from CEO
"We take the time and hassle out of shopping around for the right home loan, provide expert advice and take care of the entire process, from start to finish."
- Kaushalya Gunasekera -
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