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Commercial Loans
This is the year for commercial loans! The growth in lenders and commercial loan products has been explosive over the last 12 months. The growth has mainly come in the low documentation style loans which (in some cases) lenders will do up to 85% of the value of the property.
Loans for credit impaired has improved dramatically with loans up to 80% of the value of the property and, with a wider range of lenders, we can more easily separate your residential property from your commercial property to help protect your assets.
The other major change in Commercial loans is the ongoing requirements that have previously been very tedious. Most lenders are now bringing out a set-and-forget style loan similar to residential loans. 30 year terms, no reviews and still at competitive interest rates.
Asset Lends are still available with very few questions asked and are available to just about everyone wanting a commercial loan, provided you are not currently in bankruptcy.
As Commercial has changed so recently, some restrictions apply to areas and property types. If you have a scenario you would like to run past our commercial expert, please feel free to call for a no obligation chat on 1300 854 030. |
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