Which Commercial Property Loan Is Right For Me?
Securing commercial finance requires the expertise of a specialist team. At Finance Me our consultants are able to package your loan application and present it to the most appropriate lender. Commercial lenders will evaluate your application based on a number of criteria and we are able to assist you in guiding you through this sometimes complicated process.
Through FinanceMe, we can specifically design a custom mortgage loan quote from the top three offers from our panel of lenders. FinanceMe will do the searching around for you! Our consultants use their expertise and experience in the home loan market coupled with a unique computer software program that enables us to compare hundreds of loans in a matter of minutes
Your Commercial Property Loan Quote Features Include:
- No Credit Check – get a free quote without an enquiry on your credit file
- Customized pricing setting out all terms & conditions of each lender
- You Choose from Top Three Offers
- Detailed costing of monthly repayments stamp duty, mortgage insurance and any other fees payable.
Product Matrix:
Purchase
- Minimum Loan $100,000
- Maximum Loan Value Full Doc (75% LVR)
- Maximum Loan Value Low Doc (70% LVR)
- Maximum Loan Value No Doc (65% LVR)
Development
Development Finance
can be structured in many ways, tailored to the specific needs
of the project. Typical development funding structures fall
into two main categories; hard cost based facilities and the GRV
based facilities
Hard
Cost Facilities
Hard
Cost based facilities are typically offered by Banks and other
major institutions. The loan amount is restricted to a maximum
percentage of the actual hard costs of the project. Typically
the maximum percentage is approximately 80% of the hard costs of
the project.
Hard Cost Development facilities can
fund up to 80% of the Total Development Costs
Loans up to $500M
GRV
based facilities
Gross
Realisable Value based facilities are based on the sale value of
the project, on a cost to complete basis. The GRV based
facility focuses on the profit potential of the project, and are
typically sourced through private funding channels. By
utilizing GRV based products means that potentially 100% of
project costs can be funded.
GRV based facilities can fund up to
70% of the end value of the project
Loans up to $250M
Typically more flexible lending terms
with minimal or no presale requirements
Whether you are looking at acquiring a new business or are already established in your existing business, we can help you with your financing needs. We can arrange finance for different securities ranging from commercial, retail, industrial, vacant or retail land, child care centres, medical centres and so on.
