There are a wide range of lending options available to businesses looking to finance the acquisiton of a property, refinance an existing property backed facility, fund the development of a property or use a property as security to raise finance for a business. The following outlines some of the key factors of a typical commercial property loan.
Lenders: Major banks, regional banks, credit funds, private lenders and various non-bank lenders.
Eligible Security: Warehouses, factories, vacant land, hotels, office suites, retail premises and other more specialised assets such as service stations and childcare centres.
Borrowers: Businesses, developers, investors, trusts and self managed super funds.
Use of funds: Acquire property, refinance an existing facility, development, general business purposes.
Terms: LVR generally to 80% (up to 100% in some sceanrios and sectors), term of 5 to 30 years. Interest rates will be based on the LVR, profile of the property security, serviceability through income generated from the property or business that operates from the property and profile of the borrower.
CreditSME is experienced in arranging all types of commercial property funding. Apply Now to get the process started of getting the best commercial property loan terms available.