Commercial & Development Loans

There are many types of commercial properties, some of them are quiet straight foward, but many will fall under the specialist lending category. The Smarter Choice finance brokers will help you to review your documents, negotiate with our panel of lenders to get the approval for your loan at the most competitive interest rates. 

Unlike residential property loans, the commercial loan products are not for every bank/lender. Talking to the right bank/lender is very important in the process. 

Different types of commercial properties - 

• Offices

• Retail shops

• Warehouses

• Factories

• Development sites

• Childcares

• Service stations

• Pubs/hotels/taverns

• Vineyards

• Farms

• Car yards

In general, offices, warehouses, and retail shops are quiet straight forward. Most of banks/lenders will accept them as security. Whereas the others listed above will fall under the specialist lending category. This means it will take longer time for assessment and more documents required. 

How much can i borrow?

• Up to 110% LVR with other property being used as guarantees. 

• Up to 80% LVR for full documentations. (Smarter Choice offsers up to $50m full doc commercial loan product)

• Up to 70% LVR for lease docs. (We will not ask for tax returns, financials and BAS)

• Up to 70% LVR for Lo docs and No docs.
  

How does the banks/lenders assess application?

• Current asset position of the borrower

• Valuation of the security properties

• Length of the current lease until expiry

• Strength of the tenant

• Experience of the borrower if it is development, hotels, childcares, farm ect.ect.

• LVR level

• Credit history of the borrower

Commercial loan can be complicated, so choosing your lending partner is very important. At Smarter Choice, we have many experienced brokers here to help you going through the borrowing journey. 

Click Apply Now to find out more.