Commercial Property Loan
Commercial Property Loans What Properties are eligible for a commercial property loan? - Block of units - Offices - Factories - Warehouses - Retail shops - Shops - Accommodation - Car Yards - Farms - Backpacker hostels - Aged care centres - Child care - Function centres - Petrol stations - Commercial property development - Pubs or restaurants - Supermarkets - Shopping centre - gyms etc. Specialised properties need a sizeable deposit to get approved. What is the purpose of the commercial loan? 1. Investment: To buy a commercial property that will be leased. This is lowest risk. 2. Owner-occupied: Buy a commercial property to lease by your own business. 3. Working capital: business loan to fund the operations of your business. You cannot use a commercial property as security for a loan to fund a residential property purchase. What are typical commercial property loan features? - Individuals, companies, trusts and SMSF. - 15 to 30 year loan terms in some cas...