Reach Beyond the Horizons With Commercial Capital Lending Solutions
Purchasing a commercial property can be an excellent strategy to grow your business or diversify your property portfolio. Lend & Co. are Melbourne’s top commercial mortgage specialist. With the knowledge and experience we gained by spending years in the commercial capital lending services industry, we ensure your application is successful.
Don’t be overwhelmed by all the options of a commercial property loan. Contact an expert for guidance and support as you plan this property purchase.
What are Commercial Property Loans? What Should You Know About It?
Commercial loans are lending solutions that are specifically designed to raise capital for a commercial property purchase that includes office space, warehouses, motels, or any other property that’s not used as a personal residence.
Here are a few things you should know if you’re looking to purchase a commercial property.
- Firstly, commercial loans are usually different from residential loans.
- Higher interest rates and fees due to higher risk.
- Larger deposits are required, sometimes up to 30 per cent.
- No Lender’s Mortgage Insurance [LMI]
- Loan Periods are relatively shorter
However, like a residential property loan, you can structure your commercial loan in a way that suits you, choosing from variable, fixed or split rates. Work with your Lend & Co commercial loan specialist to determine if you should pay interest only or the principal and interest off the borrowed amount.
Why Choose Lend & Co?
Like all the other capital lending solutions, you might wonder what’s the harm in acquiring a Commercial Money Lending solution independently. But you need to understand that, unlike residential mortgage lenders, the lenders’ interest rates and terms and conditions for commercial property mortgages are not available for the masses.
When you hire a reputable commercial mortgage broker, you tap into their network of lenders and gain access to years or even decades of experience in the industry.
At Lend & Co., our commercial loan specialists offer the following:
- Expert knowledge of commercial loans/commercial money lending solutions
- Strong network of connections across the property and finance industry
- Professional, friendly approach for ease of doing business
- Determination and grit to help you get the best possible outcome
- Ability to work with you online to achieve results faster
- Commitment to keep you posted throughout your application process
Working with a loan advisor who understands commercial property could make all the difference in the world. In addition to saving thousands of dollars in the long run, you also save the time and effort of finding the right lender and going through with the application.
At Lend & Co, we understand the challenges of applying for a commercial loan and the benefits of owning this type of property. Let us work with you, so you feel confident that you are making the right decisions.
Talk to us about all aspects of commercial loans. Your initial call comes with no obligation to proceed.
Want to know more? Apply for pre-approval or book your first call today.