Whether you’re looking to purchase your next commercial property or would like more information on commercial loans, we can help you.
Securing a commercial loan
When it comes to commercial properties, they typically offer a higher rate of return, but they can also have longer vacancy periods which can put pressure on investors.
As such, commercial property loans are assessed differently to residential home loans.
One of the main differences is that the amount you can borrow is largely determined by the type of property and the purpose of the loan.
Purchasing for investment, for example, is considered lower risk than purchasing your own business premises.
For more information on commercial loans, continue scrolling or speak to a TJ Finance broker today…
Key differences between commercial and residential properties
If you are unfamiliar with the key differences between commercial and residential properties, we have listed a few key points below.
- Residential leases typically have a term of 6 to 12 months, while commercial property leases run for longer terms.
- Commercial properties feature longer vacancy periods and the lessee bears the costs of maintenance, rates and repairs. This means the property owners pocket more of the rent as profit.
- Buying a commercial property involves paying Goods and Services Tax (GST), which may increase the cost of the property you’re looking to purchase by 10%.
- In residential properties, the property owner is responsible for these expenses.
How We Can Help
Our team will help you search, choose and settle your loan.
- We have access to over 50 lenders, including major banks and non-bank lenders which provides us with competitive rates and products for our customers.
- We will act as the customer advocate when speaking to Lenders to help problem solve and tailor a solution that suits your needs.
Whether you’re looking to purchase your next commercial property or would like more information on commercial loans, contact us today.
Contact Us
Our team will help you search, choose and settle your loan. Contact our team for more information on your loan options.
English