Commercial property loans

Commercial loans can be obtained for purchasing commercial properties including service stations, hotels, pubs and clubs, car washes, industrial warehouses, manufacturing plants, storage facilities, cafes, offices, retail stores, shopping centres, car parks, mixed use sites, and special purpose sites.

Finance for commercial property is via special commercial loan products such as term loans, small business loans, business lines of credit, bridging loans, SMSF loans, low doc loans, lease doc loans, and bank bill swap bid rate (BBSY) commercial loans.

Loan terms are usually shorter than residential mortgages, ranging from three to 25 years, carry higher fees and interest rates, and often come with conditions known as covenants that the borrower must meet to satisfy the terms of their loan.

There is greater flexibility around the structuring of commercial loan facilities, which can be tailored depending on the transaction and the borrower.

Obtaining approval for commercial property finance can take longer than residential property finance approval. This is mainly due to the types of checks and analysis that takes place on commercial finance applications, as well as valuation reports taking longer to prepare.

Talk to Finsure Loans about obtaining commercial finance.