Commercial property loan
This is a medium- to long-term loan used to buy property for rental. The product also allows for release of equity from existing completed commercial property. Commercial property includes offices, shopping centres, mixed use and industrial properties (for example, warehouses) as well as residential properties that are leased to third parties.
What does it offer me
- Finance of up to 70% of the value of the property
- Opportunity to unlock value in your existing commercial property
- Repayments tied to rental receipts from the commercial building
- Ability to structure repayment to the specific needs of your business
- Facility is available for up to10 years subject to your business meeting specific conditions.
What do I need to apply
- Business registration documents
- Audited financial statement and cash flows
- Assignment of rental proceeds may be required
- Favourable credit bureau report
- You may need to meet other conditions or give us more documents subject to specific borrower conditions.