COMMERICAL AND DEVELOPMENT
Who can apply for a Commercial Loan?
Commercial loans are available to individuals, partnerships, companies and discretionary trusts for many different types of commerical security. In the event that a mortgagor is a company or trust, the shareholders and beneficiaries are normally required to provide personal guarantees as part of the mortgage documentation.
Interest rates charged are very competitive compared to other finance institutions. The advantage we offer is the high degree of flexibility in repayment arrangements. Loans can be Interest Only, thus allowing you to concentrate on generating profits and utilising your capital to aid your business growth.
Alternatively, you may wish to structure your loan to a Principal & Interest arrangement up to 15 years.
Interest rates for either the Interest Only loans or Principal and Interest loans can be either fixed or variable or a combination of both.
We have access to many lenders, both bank and non-bank, plus also have access to Mezzanine funding , Private Funding and Low Doc Commercial Loans, with high LVR’s if needed.
Apart from offering more than competitive interest rates, the other most important aspect, is that when in business for yourself, it is important to be able to pick up the phone and speak to someone who can provide immediate answers to any queries you may have. At Finance 4, we provide this service. We handle all your questions with the financier at no cost to you.
At Finance 4, we are able to access loans for the purchase or refinance of a commercial property at competitive rates. Some of the benefits include:
- Higher permissible LVR – up to 85% for owner occupied and investors
- Longer loan terms – up to 30 years for owner occupied
- Alternative income verification including Accountants Letter
- No annual reviews – a genuine “set and forget” facility
- No line fees, review fees, mandate fees or account keeping fees
In most cases, we can provide a conditional offer within 48 hours after receipt of all required information.
Call us to find out how we can help you on 07 3818 1144 or click here
What is Mezzanine Funding?
Mezzanine finance is generally needed where funds provided by a principle lender is not sufficient to complete a project or fully fund a property. This type of financing is referred to as “Mezzanine Finance” as it is designed to top up the funds needed to get funding to a required level. This type of funding can also be used to bridge between 2 finance transactions where finance is required for the short term.
Prior to funding of the loan, the lender will obtain whatever security it desires. It could be a second mortgage or collateral security over some other asset depending on what security is appropriate for the lender. Typically mezzanine funding will not exceed the maximum loan to valuation ratio (LVR) of 90%.
Mezzanine funding is repaid in priority to funds contributed by the developer, but after other secured lenders and creditors. Accordingly, mezzanine financiers may obtain higher returns as they are exposed to a higher risk. As a result, this form of funding carries a higher risk profile than most other funding.
Should you need to discuss any short term mezzanine funding requirements, please do not hesitate to contact our office via email or telephone.
Call us to find out how we can help you on 07 3818 1144 or click here
Types of Commercial Security
When you direct your commercial mortgage finance requirements through us, you put them on the fast track to the best, most creative solution.
We provide structured finance solutions to suit a wide variety of commercial mortgage requirements, including:
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Combining our lenders innovative funding programmes with the products from a wide panel of external providers, allows us to apply the greatest choice and flexibility to each proposal.
Call us to find out how we can help you on 07 3818 1144 or click here
