As the demand for commercial property has increased so too have the numbers of financiers active in the market. From banks and finance companies, to managed investment funds and not for profit organisations, the supply of funds and options only continues to increase.
Whether you are buying a commercial property for an investment or to accommodate the expansion of your growing business, facilities are available from $100,000. Terms and conditions cater for interest only, funding of GST and 15 to 20 year amortisation.
At Pacific Finance we look to minimise your use capital for the initial purchase as well as provide flexibility for the future.
Some points to consider include:
Initial loan to value ratio
Eliminate or minimise the use of additional property security (cross collateral)
Spread your finance between different lenders and away from your trading bank
Interest only for the first 2 or 3 years, or longer
Fixed interest term to provide certainty of future cash flow and protect against future interest rate rises
Extended term for principal repayment
Short term GST funding