Commercial Property Loans Sunshine Coast - Commercial Loan Specialists & Brokers
We’ve been assisting with Sunshine Coast commercial property loans, for 20+ years. If you’re a business owner and have your eye on industrial or commercial real estate, then we’ll introduce you to commercial lending options that you never knew existed.
If your business is expanding, you need more space, a new fit-out and perhaps bridging finance until you’ve sold your existing property, our experienced commercial lending team will match you with suitable funding options whether it’s a traditional bank, third tier, or private lenders to buy a commercial property. Our team are experts in getting financing option approvals for business owners and investment properties on the Sunshine Coast.
Let us know what you’re looking at and we’ll ensure your commercial property finance suits your needs, is competitive and hassle-free.
We commonly secure great commercial property loans for:
- Commercial offices
- Retail spaces
- Shop fronts
- Farms or rural properties
- Pubs, hotels and taverns
- Car Yards
- Petrol Stations
- Caravan Parks
Specialised commercial property loans are required for farms, rural properties, pubs, hotels, taverns, resorts, caravan parks, restaurants, car yards and petrol stations. As these are more difficult to sell, they are often a higher risk to the banks or lender. Whether you are a business or looking for a commercial property to diversify your portfolio, our team can help you find the right flexible commercial lending options for your needs. It’s time to take your journey to the next level!
Specialist commercial loan and property finance brokers
It’s smart to have a Mortgage Broker on your side for complex loan applications. We do this daily, meaning we know exactly what the lender is looking for in an application (things like the loan to value ratio!) , which makes both their job and yours as the borrower that much easier. Investing in a commercial property doesn’t have to be stressful!
There is less legislation governing commercial property loans and business loans, meaning that the bank’s lending policies can be more flexible. However, as a commercial property buyer, you do not have the same protection as home buyers. But that should not deter you when it comes to your goals to purchase a commercial property, especially when we can help you find the right solution!
Talking through your loan options as an investor or business owner
We help you understand the features available for commercial property finance. For example;
- Loan terms for commercial property are typically up to 15 years, but can be longer if required.
- Getting Fixed interest rates or variable interest rates for the commercial mortgage.
- Additional repayments are often allowed on variable loans.
- Offset accounts are usually not available.
Private Commercial Finance & Developments
Private lending might be the ideal option if you’re seeking finance for property developments or property flipping. Often, private lending is approved based on the validity of the deal, not your personal income or assets. If the numbers stack up, private lenders can provide the funds in several ways. Either a standard, short-term loan agreement until your properties are sold, or they can also get involved with an invested interest and profit share. There are many ways to skin a cat and if you’re looking for the least amount of red tape, then private lending could be ideal.
Talk to us so that we can match you with a lender that can accommodate your commercial property finance needs.
Choose a Loanright Broker to be your advocate
There are hundreds of possibilities in the commercial property space, so why would you limit yourself to the banks? Our brokers listen. We take the time to understand your goals, and we then compare commercial property products available from private lenders and Australia’s leading lending institutions.
Over 100 Lenders
Commercial Finance Brokers keep private lenders and banks competing. Higher interest rates would increase without us, leaving Australian investors to pay the price. If you’re looking to invest in commercial property, it’s all about the return. Engage us as your finance partners and we’ll impact the bottom-line, guaranteed.
Once we’ve established which loan suits your position, we’ll start your application, complete all the paperwork, and submit it to the bank on your behalf. We save you time, stress and money. We’ll get things moving as quickly as possible so you can settle into your new commercial property, or prepare it for new tenants.
Commercial Property Loan Reviews
We don’t just set you up with a commercial property loan and then forget about you. Some private lenders require annual reviews on commercial property loans. The lender may ask you to provide a profit and loss, balance sheet and cash flow forecast. We can assist you with this process and make sure your loan is still working for you.
Commercial Property Loan FAQ's
We’re all unique when it comes to our finances and borrowing needs. Contact us today, we can help with calculations based on your circumstances.
Most Australian lenders require you to have a minimum deposit of 5% – 10% of the purchase price, plus enough savings to cover your purchasing costs (eg. stamp duty and conveyancing).
There are so many different loan products, some with lower introductory rates, so we really need to talk to you to understand your needs, before we can quote your repayments. Talk to us today to see what’s currently on offer from our lending partners. We’ll work with you to find a loan set-up that’s right for you.
Most lenders offer flexible repayment options to suit your pay cycle. We recommend that you aim for weekly or fortnightly repayments (as opposed to monthly). In doing so you will make more payments in a year, which will shave dollars and time off your loan.
There are a number of fees and costs involved when buying a home, or any property. To help avoid any surprises, the list below sets out the most common costs:
- Stamp duty — This is the big one. All other costs are relatively small by comparison. Stamp duty rates vary between state and territory governments and also depend on the value of the property you buy. You may also have to pay stamp duty on the mortgage itself. Ask your Loanright Mortgage Broker to estimate your possible stamp duty charge.
- Legal/conveyancing fees — Generally around $1,000 – $1500, these fees cover all the legal requirements around your property purchase, including title searches.
- Building inspection — This should be carried out by a qualified expert, such as a structural engineer, before you purchase the property. Your Contract of Sale should be subject to the building inspection, so if there are any structural problems you have the option to withdraw from the purchase without any significant financial penalties. A building inspection and report can cost up to $1,000, depending on the size of the property. Your conveyancer will usually arrange this inspection, and you will usually pay for it as part of their total invoice at settlement (in addition to the conveyancing fees).
- Pest inspection — Also to be carried out before purchase to ensure the property is free of problems, such as white ants. Your Contract of Sale should be subject to the pest inspection, so if any unwanted crawlies are found you may have the option to withdraw from the purchase without any significant financial penalties. Allow up to $500 depending on the size of the property. Your real estate agent or conveyancer may arrange this inspection, and you will usually pay for it as part of their total invoice at settlement (in addition to the conveyancing fees).
- Lender costs — Most lenders charge establishment fees to help cover the costs of their own valuation as well as administration fees. We will let you know what your lender charges but allow about $600 to $800.
- Moving costs — Don’t forget to factor in the cost of a removalist if you plan on using one.
- Mortgage Insurance costs — If you borrow more than 80% of the purchase price of the property, you’ll also need to pay Lender Mortgage Insurance. You may also consider whether to take out Mortgage Protection Insurance. If you buy a strata title, regular strata fees are payable.
- Ongoing costs — You will need to include council and water rates along with regular loan repayments. It is important to also consider building insurance and contents insurance. Your lender will probably require a minimum sum insured for the building to cover the loan.