Commercial loans
When it comes to commercial loans, it’s crucial to have a loan package tailored to your specific needs. Whether you’re an individual or part of a partnership, we compare and find the right fit to help you achieve success. The overall process is similar to residential lending, requiring proof of basics like a deposit and the capacity to repay the loan. However, it does get more complicated further in. We can help you navigate these complexities by comparing offerings from over 50 lenders to find the best match for you. My expertise will streamline the process, making it as stress-free as possible to find the perfect solution.
Residential and Commercial Loans – Key Differences:
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Vacancy Periods: Commercial properties often face longer vacancy periods compared to residential properties.
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Maintenance Costs: In commercial properties, the lessee typically bears the costs for maintenance, rates, and repairs, which means the property owner sees more profit. In contrast, residential landlords usually incur these costs.
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Lease Terms: Residential leases are typically 6-12 months, whereas commercial leases can extend for much longer periods.
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GST: The purchase of a commercial property involves paying GST (Goods and Services Tax), which can increase the property costs by 10%.
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. I will be in touch soon.