Commercial
property can be a very lucrative form of property investment however comes with
it's own different advantages and disadvantages. Having the right loan is a
must to ensure you maximise your investment return.
If
you are considering a commercial purchase Balance Property & Finance can
help source the best finance for you. Commercial lending is a very different
style of lending and has a large difference in the products on offer and
rates.
Commercial is generally classed as both specialised and non specialised property (or security). Examples of
some specialised property may be -
Hotels
Caravan parks
Petrol stations
Certain factory premises
Examples
of some non specialised property may be -
Offices
Warehouses
Shops
Certain factory premises
Banks
do not provide simple pre approvals like residential lending and they assess each
loan on an individual basis before they are able to provide an offer.
Commercial loans also have a different structure of fees and each lender
will have a specific list of requirements needed.
Balance
Property & Finance can help guide you in what the lenders look for to
attain a successful application as well as search for the product that works
best for you. Please contact us if you are considering a
commercial purchase so we can cover your specific needs.
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