Business Loans for Commercial Property Acquisition are a necessity for thousands of small business owners who want to purchase their own premises or investment property. Owning your own commercial property can have many benefits and in the process, you acquire an asset that is likely to increase in value.
Getting a business loan to buy a Commercial Property with the help of our experienced financial consultants will give you peace of mind and ensure you get the best deal.
A commercial property loan is one secured via the purchase of commercial real estate such as office premises, retail space or industrial premises to name a few.
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. The commercial property may be the one you use for your business or any other profit-generating purpose.
The following property purchased can all fall within commercial property finance. These may include the following:
We work with commercial property deals of all shapes and sizes, from smaller acquisitions to multi-site or large-scale investments in the hundreds of millions of dollars. When pursuing a commercial property loan, it is worth noting a deposit of 30% is generally required to proceed. Following on from the deposit, the amount which can be borrowed largely depends on:
You can also put equity towards the acquisition built in your residential property or even from your Self-Managed Superannuation Fund.
Property Development Finance is obtaining loans to buy a parcel of land and to build multiple properties on that land. We can provide finance for you to purchase and hold the land, called a ‘Land Bank Loan’ whilst you work on getting the necessary approvals to build.
You can then apply for finance to carry out construction. There are options to utilise both private and non-private lenders when pursuing property development finance.
By speaking with our experienced team we can guide you through the policies and processes of various lenders based on our extensive panel and provide you with an End-to-End solution specifically tailored to suit your needs.
Please reach us at mihir-patel@outlook.com if you cannot find an answer to your question.
The eligibility of your business to secure commercial property finance will vary greatly depending on your individual circumstance, the loan type selected and the lender. However, as a general base the following will be required:
Purchasing a commercial property can feel like a daunting process for both new and sophisticated investors, so allow Global Finance & Mortgages to do the work with you and find the right loan type and structure to ensure the best investment for you.
We have access to a wide variety of commercial property lenders who all have different policies and risk appetites, ensuring that we will find the right loan for your opportunity.
If you can provide all the information required by the lenders, we can broker the loan for you within a 3 to 4-week period, depending on the complexity of your loan requirements which usually determines the time taken to successfully obtain a loan for you.
The information required to secure commercial property finance will vary greatly depending on the client, loan type and lender. However as a general base you should prepare the following:
Our qualified team will be able to assist you further based on your individual circumstances. For more detailed information please contact us and we will point you in the right direction.
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