Commercial Property Loans for Offices, Retail & Industrial Sites
Looking to purchase a commercial property?
Looking to purchase a commercial property, office, or warehouse? We are here to help!
At SB finance, we are here to guide you through every step of the process when it comes to buying a commercial property.We can help you understand what documentation is required, what your borrowing capacity is and what your repayments will be when you do proceed. Our experts will explain all the other costs associated with getting a commercial property loan including stamp-duty, settlement fees and loan charges.
We have access to over 40 lenders, including all the major banks, allowing us to secure a competitive loan package tailored to your needs. We can help you have your pre-approval in place before you start shopping for a property.
SB finance does not offer personal advice and aims to provide information which is factual and in-line with lenders requirements and a customers best interest. We encourage you to seek independent legal and financial advice before proceeding. our credit guide and Privacy disclosure is available on our website.
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At SB Finance we work with a broad panel of Australian asset finance lenders, so we can compare your options and structure the finance around your situation.
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Frequently Asked Questions
Commercial lending is typically assessed on a lower percentage of the property’s value than residential, with the balance coming from your deposit or equity. Lenders look at the lease in place, the quality of the tenant, the property type and location, and either your business trading figures or the rental income.
Options include full-doc loans supported by tax returns and financials, lease-doc loans assessed mainly on the rental income, low-doc loans for self-employed borrowers using alternative income evidence, and loans supported by additional residential security. Terms, review periods and repayment types all differ from residential lending.
Sometimes, though commercial lenders are generally more conservative and will want a larger contribution and a clear explanation. The nature and age of the credit issue matter, as does the strength of the property and the lease. We assess the file and approach lenders whose policy allows it.
Commercial purchases usually require a larger contribution than residential, commonly in the range of 20% to 35% of value depending on the property type, the lease and the lender. Specialised properties need more. Equity in residential or other commercial property can be used towards the contribution.
No. Lenders Mortgage Insurance is a residential product and is not used in commercial lending. Commercial lenders manage risk instead by advancing a lower percentage of the property’s value, applying shorter terms with periodic reviews, and in some cases requiring additional security or personal guarantees.
Transfer duty is payable on the dutiable value of the commercial property under rate bands set by Revenue NSW. GST may also apply to the purchase price unless the sale qualifies as a going concern. These are tax questions, so confirm the position with your accountant and conveyancer before exchange.
Start with a free assessment. We review the property, the lease or your intended use, your business financials and the security available, then approach the lenders whose commercial policy fits. We prepare the submission, manage the valuation and any conditions, and coordinate settlement with your solicitor and accountant.
Where to go next
Commercial property is weighed on the strength of the security and the tenancy as much as on the borrower, so the structure differs from residential lending. If the purchase is being made through a self-managed fund, see SMSF lending; for residential rental property, see investment property loans.