Commercial Property Loans
New or Refinanced Commercial Property Loans for Business & Investors
Commercial property loans are not the same as residential loans, they are far more complex and are considered higher risk. Pricing and lending policy varies widely among the many banks and lenders depending on the security type and reason for the purchase.
Depending on whether a commercial property is being purchased as an investment or as a business premise there are many questions to consider:
- What loan type is best for your situation?
- Can you provide full documentation, or do you need an alternative or low documentation option?
- What type of security does the commercial property fall under? Is it General or Specialised?
- Who is the best commercial lender for your circumstances?
- What documentation will you need?
- How long will it take to get your loan approved?
Before making an offer on a commercial property it is always a good idea to speak to a specialist commercial lender and find out the answers to the above questions as commercial loans are not as straightforward as residential lending.
Our Commercial Finance Brokers can assist you. They will work with you to get a clear understanding of your requirements and negotiate with the lenders on your behalf to ensure that they find the most suitable lender and product from our extensive panel of commercial lenders. They will answer all your questions ensure that the process is as easy and efficient as possible.
For further information on what to consider when applying for a commercial loan Click Here.
When deciding whether to refinance your commercial loan it is important to consider the following:
- Am I on the most competitive rate?
- Can I reduce my monthly repayments?
- Are there any other lenders that will offer me better loan conditions?
- Can I extend my loan term?
- Can I release equity from my current loan to fund other property purchases?
- What will it cost me to refinance?
It is often the case that when you have been with the same lender for a while you will not be on the most competitive rate and there may be other lenders out there who can offer you more favourable terms.
It can be stressful trying to ensure that your commercial loan is still the best option for you, you don’t want to risk getting declined by other lenders but you don’t want to miss out on a better loan with more favourable terms.
Maybe your situation has changed and you are looking to use the equity in your current commercial property to fund a new property purchase. How can you be sure you are speaking to the right lender and you have found a competitive rate with the right terms to match your needs and circumstances?
Talk to one of our commercial finance specialists. We can help you decide whether a refinance is best for you.
We can arrange a commercial loan for the purchase or refinance of the following property types:
Frequently Asked Questions
What is a commercial property?
Commercial properties are classified as properties intended to be occupied by a business or profit generating land such as farms.
Some examples of commercial property include but are not limited to offices, hotels, shopping centres, medical centres, childcare centres, retail stores, warehouses, farming land and factories.
Can i get a loan for a commercial property if my business is occupying it?
Yes. Commercial property loans are available to investors and business owner-occupiers however there are many different loan products to choose from.
Speak to one of our friendly Finance Brokers at World Class Finance to find the right product to suit your circumstances.