Commercial loans
Navigating Commercial Loans with Expertise
When it comes to commercial loans, it’s crucial to have a loan package that’s tailored to your specific needs. Regardless of the size, structure, or whether you’re an individual or a partnership, We can compare and find the right fit to help you achieve success. While the overall process is similar to residential lending—you’ll need to prove basics like a deposit and capacity to repay the loan—it does become more complex as you go deeper. With our years of experience in commercial lending, we can help you navigate these complexities by comparing offerings from over 50 lenders to find the best match for you. Our expertise aims to streamline the process and make it as stress-free as possible.
Key Differences Between Residential and Commercial Loans
- Vacancy Risks: Commercial properties often face longer vacancy periods compared to residential properties.
- Maintenance Costs: In commercial properties, the lessee typically bears the costs for maintenance, rates, and repairs, leading to higher profits for the property owner. In residential properties, these costs are usually the responsibility of the landlord.
- Lease Terms: Residential leases generally span 6-12 months, whereas commercial leases can extend for much longer periods.
- GST: Purchasing a commercial property involves paying Goods and Services Tax (GST), which can increase the property’s cost by 10%.
Ready to Take the Next Step?
Whether you’re looking to purchase a commercial property or simply need more information, get in touch with me today by filling out the online application form. We’ll reach out to you soon to assist you further.