It’s difficult to find information on the internet about commercial property loans. Lender credit policy, terms, conditions and interest rates are difficult to find on lender websites. Unlike normal home loans, the pricing of a commercial property loan is dependent on many different criteria and many of the terms can be negotiated.
So which lender is best for your commercial purchase? It depends on many factors.
Some qualifying questions you will be asked by the lender:
All commercial lenders have their credit policies and maximum loan amounts.
The maximum available from most lenders:
The type of commercial property loan and nature of your security will have an effect on the amount that you can borrow.
If a residential property is used as security, you may be able to borrow 100% of its value.
Lease doc, low doc, and no doc loans will require a larger deposit.
Specialised security properties will also require a larger deposit.
Contact us now to get your application started.
Specialist mortgage broker Sue will guide you to find a solution to purchase a property Excited? You should be Come and find out how Sue helped others who never thought they would own a property