Commercial Property Loans
Common sense lending for all purposes.
Commercial loans for all purposes.
We lend commercial loans to individuals and companies looking for short to medium term finance for any purpose. We take a common sense approach to lending and can often assist when the banks cannot.
- Purchase, refinance or cash out.
- Urgent bridging loans and short term loans.
- Business and personal loans.
- Vacant land.
- Cash out & ATO Debts.
- Commercial property.
- Non-residents, bad credit or self employed.
Commercial loans and finance.
It’s basically a loan secured over commercial real estate (i.e. office premises, retail shop or industrial premises etc.). The loan is secured by a mortgage or in some cases a caveat. Borrowers often use the funds for their business, for the property or for other investment reasons.
Usually when you need the funds quickly! This style of funding is not a long term finance solution. The average term is between 1 month and 24 months and given the short term mature is generally more expensive than your normal bank funding.
You generally need to have two main requirements. The first is obvious; you need commercial property to use as security. It must have enough equity in it to secure a loan to the lenders Loan to value ratio (LVR) requirement. This is normally 65% to 75% of the value.
The second key requirement is you need an exit strategy as to how you intend on repaying the commercial property finance. Will you sell the property? Will you refinance? Will you receive a lump sum payment in the future? These are examples of common exit strategies.
Non-bank lenders. They are flexible, can often tailor the loans to your needs and do not usually need financials/tax returns and can look beyond bad credit.
Overview, 3 reasons why to get commercial property finance from private lenders:
- Its fast.
- Its short to medium term.
- Its hassle free.
Commercial Property Loans can be confusing if you are applying to the banks. The rates vary, the fees are different, you do not know what the criteria is required to apply and so on. Non bank lenders are by far the best way to obtain commercial property loans and below will describe in detail this form of finance.
Why use funding.com.au for your commercial loans and finance?
Direct Lender
We value your time and we focus on making it quicker and easier for us to work together.
Fast Settlements
Our process is simple and our decisions are fast. Funding is possible in as little as 48 hours.
Dedicated Support
Online and phone support so you can speak to a real person about your needs.
How do I get started?
Conditional approval
Receive a conditional approval the same day that you submit your loan enquiry.
Formal approval
We complete our due diligence on the loan and on formal approval loan documents are signed.
Settlement
Within days, not weeks or months. In the past we have settled loans in as little as 48 hours.
