When it comes to commercial loans, I understand that it’s important to have a loan package fit for purpose. Whatever size, shape, individual or partnership, I can compare and find the right fit to help you on your way to success. The overall process is similar to residential lending in that you need to prove basics like a deposit and capacity to repay the loan, but it does become a little more complicated further in. I know this, and can utilise my years of experience in commercial lending to help you achieve your goals by comparing offerings from over 40 lenders to find the right one for you. My expertise will help streamline the process and make it as stress-free as possible to find the perfect solution.
Residential and Commercial Loans – The Key Differences:
• Commercial properties risk longer vacancy periods than residential properties
• In commercial properties, the lessee bears costs incurred for maintenance, rates and repairs. This means that the owner of the property sees more profit. In a residential situation, the landlord incurs the costs
• Residential leases are usually 6-12 month terms, whereas commercial leases can run on for much longer
• The purchase of a commercial property involves paying GST (Goods Service Tax) which can increase the costs of the property by 10%.
Whether you are looking to make a purchase on a commercial property or would simply like more information, get in touch with me today by filling out the online application form. I will be in touch soon.