Commercial Loans | ONFINITIVE FINANCE | home loan | personal loan

Finance solutions for commercial property and property development

Purchase of retail, industrial, residential and commercial property
Construction retail, industrial, residential and commercial property
Child care centers, hotels, motels, caravan parks and petrol stations
High LVR where you can borrow up to 80% of the properties value
True NO DOC commercial loans
Credit impaired solutions
Low Doc, No Doc and Lease Doc commercial loans available

Talk to Our Friendly Commercial Loan Consultants
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What's involved in commercial loans?

If the security property is residential, then the full doc commercial loan can be done at home loan rates, irrespective of the use.

Investor was purchasing a commercial property and using their own unencumbered home as security. No security was being taken over the commercial property and a major bank wanted to write this as a commercial loan. We helped customer get this done at home loan rates, including a 30 year term.

Advantages of Using a Home Loan

Interest Rates: Home loan rates are generally cheaper.

30 year loan term: The advantage is not only the rate, it is also the term. Many commercial loans are written over a short term if they are leased out, or maybe 15 years if they are owner occupied. With home loans this term may go out to 30 years, which gives much more comfort to the borrower.

Fast Commercial Full Doc Loans

Full Doc Commercial loans provide the most competitive rates and fees in the market due to the requirements needed to be fulfilled to qualify for these types of loans, which can include the last 2-3 years financials / tax returns.

-Fast commercial loans up to 80% LVR
-Conditional approval within 48 hours
-Clean credit
-No outstanding tax liability
-App Fee 1%
-Valuation fee
-Loan term 15 years

Low Doc Commercial Loans

Low Doc Loans are designed primarily for Self Employed applicants who have limited income documentation i.e. have not completed their last two (2) years Taxation Returns and can only supply one or all of the following:

-An Accountant’s Income Verification Letter
-Last 12 months BAS (Business Activity Statements)
-Last 6 months Business Trading Bank Statements
-Low Doc Commercial Loans are available up to 80% of the purchase price.
-Cheap
-Fast Approvals, and
-ONLY needs accountants letter

No Doc Commercial Loans

There are fewer regulations for commercial loans which means the banks are not required by law to verify your income. This allows people with a complex or outside of the box situation to invest in commercial property without any hassles.

-You can borrow up to 65% of the property value.
-No income evidence is required.
-Investment properties are preferred.
-Offices, warehouses, factories or retail properties in capital cities are preferred.
-You may qualify even if you have a bad credit history.

Pick a commercial loan package to suit your needs

What are commercial property loans?

Commercial property loans are generally different to that of residential property in terms of interest rates, Loan to Value Ratio (LVR) thresholds and other lender policies.

Which legal structure are able to borrow for commercial property?

Individuals
Companies (private and public)
Trusts
Partnerships

What loan to value ratio can I get on a commercial real estate loan?

Loan to Value Ratio (LVR) available for a commercial real estate loan will depend on your situation. If you have full documentation of your income you may be able to borrow up to 80% in some circumstances. If you have less documentation the loan to value ratio available will be less 75%, 70% or down to 65%. It will also depend on the amount of money that you are borrowing. Typically the less documentary evidence that you have of your income the lower the LVR that you will be able to have.

Annual review of my serviceability for the commercial property loan

Many lenders require that you undertake an annual review of the serviceability of the commercial loan.

What loan term is available for commercial property loans

Many lenders require that the term for a Commercial property loan is to a maximum of 15 years, we can access loan terms of up to 25 years. A longer commercial property loan term, up to 25 years can be convenient, especially for Self Managed Super Fund (SMSF) loans for commercial property.

Can I refinance my commercial property loan to get cash out?

Yes, some lender allow you to refinance to release equity and get cash out for thing like property improvement, investment, working capital and business expansion.

What is a valuation of a commercial property?

A valuation of a commercial property is a process resulting in a formal document that can help you to obtain finance to buy the property.

The scope of a commercial property valuation is much greater than a valuation of a residential property. Commercial properties are generally larger and built on more expensive land than houses, the sums of money involved are much greater and the responsibilities of the valuer are therefore more onerous than for valuation of a residential property.

Commercial loan cost may vary depending on lenders

Application Fee
Established fee
Monthly Service Fee
Valuation fee

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