Residentially Secured Commercial/Business Loans - for those looking to buy/refinance a business/commercial property, who have substantial equity (or own outright) residential property(s). Loans for these purposes are available up to 80% of the property valuation at rates lower than standard commercial rates, more aligned to Housing rates.
Residential Security can be offered as sole security or as a top up to the property being refinanced/purchased. Maximum loan terms are generally 25 years.
Commercially Secured Commercial/Business Loans - Loan to value ratios are generally in the 65-70% of property value, however some lenders are still offering 75% lends (conditions do apply). Loans against commercial/industrial property are generally restricted to 15 years loan terms.
Unsecured Commercial Loans - generally difficult to obtain with some freehold asset backing. If you are considering the purchase of a franchised business, lending against the franchise value is usually available to the extent of 40-50% of business value.
Lo Doc Commercial - available through some lenders but restrictive in lending value against security offered (often restricted to 60% of valuation). Many terms and conditions apply, rates are generally loaded by lenders to cover risk. BAS Statements usually required for 12 months to justify income declared.
Other Commercial Loans -
Franchise Finance - available on an unsecured basis, for establishment or purchase of a nationally franchised business. Usually available to 40-50% of purchase/establishment cost.
Management Rights - finance available up to 70% of purchase price (rights and management unit), subject to valuation.
For more information on Commercial Loans please contact us.