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Commercial and Industrial Finance

Commercial versus residential investment

Areas of finance:

  • Refinance of existing facilities to allow equity release and better rates
  • First and Second mortgage finance
  • Investment properties
  • Owner occupied properties
  • Hotels & motels
  • Office blocks
  • Warehouses and factories
  • Shopping centres
  • Retirement villages
  • Rest homes
  • Education facilities (child care)
  • Refurbishments

Specifications*:

  • Minimum Loan: $100,000
  • Maximum Loan: $20,000,000
  • Term: a few months to long term
  • LVR - up to 85%, (well leased on a long term basis), 100% financing of purchase price in certain circumstances
    • LVR 85%: Commercial Tenanted over 80% Occupancy
    • LVR 67%: Commercial Tenanted under 80% Occupancy
  • Minimum cash equity is normally 20%
  • Fixed and/or floating interest rates
  • Interest only or principle & interest repayments

Costs*: (these are industry standards)

  • Interest Rates:
    • 1st mortgage: current floating rates to 12%
    • 2nd mortgage: range from 12% to 18.5%
  • Lender Fees: range from 0.3% to 4%
  • Legal Costs: vary upon financier and your solicitor

The exact interest rate depends on the market conditions, strength of the securities and the credit risk associated with the application and the applicant.

 
 
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    * All of the above are subject to the property, business location and normal lending criteria and do vary depending on the particular lender.        
   

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