|
Commercial & industrial property finance
Finance Cafe offers standard commercial and specialized commercial financing solutions for specific property asset classes such as motels, caravan parks, management rights, etc. Specialised types of security are often difficult to fund because many lenders do not have the expertise, experience or product range to cater for these specialized asset types.
- Well positioned property with stable tenancy
- Lo doc applications acceptable
- Regional areas considered - population > 30,000
|
|
Loan Purpose:
|
- Business or investment purposes
- Owner-occupation
- Purchase & refinance
|
- Individuals
- Company
- Trust
|
|
Maximum Loan Amount:
|
$30,000,000 *Larger transactions will be considered on merit
|
|
Terms & Interest Rate Options:
|
Variable Interest Rate; Fixed Rate - 1, 3 or 5 year terms. Principal & interest; Up to 5 years Interest only. Rate will depend on the loan size, location of the property, fully verified or self certified income and the overall quality of the application. Click here to get a quote.
Up to 30 year term for owner-occupiers and 15 years for investors. No ongoing account administration fees. No annual reviews - set and forget facility.
|
|
Maximum Loan to Value Ratio:
|
Up to 85% for standard type metro property
|
Full Doc
|
Lo-Doc
|
|
Specialised Property types:
Guide only
|
Leasehold (Property)
|
75%
|
70%
|
|
Hotels
|
75%
|
70%
|
|
Motels
|
75%
|
60%
|
|
Pubs
|
75%
|
60%
|
|
Child Care Centres
|
80%
|
65%
|
|
Nursing Homes
|
75%
|
65%
|
|
Medical Centres
|
75%
|
60%
|
|
Retirement Villages
|
75%
|
70%
|
|
Golf Courses
|
75%
|
50%
|
|
Service Stations
|
75%
|
50%
|
|
Caravan Parks
|
75%
|
50%
|
|
Converted Residences, Backpackers and B&B’s
|
75%
|
70%
|
|
Car Parks
|
75%
|
80%
|
|
Serviced Apartments
|
75%
|
60%
|
|
Other
|
Please enquire
|
Please enquire
|
|
Borrowing Criteria:
|
Serviceability should be demonstrated and evidenced from one or more of the following:
- Taxation Returns
- Financial Statements
- PAYG Statements
- Letter of serviceability from the borrower’s accountant
- Last 3 months business/personal banking statements
- A copy of lease or rental statement
- Forecast of financial position
- For where regular cash flow does not support borrowings interest retention for the term of the loan may be required.
|
