Commercial property mortgages are available to businesses and investors who require financing to purchase properties or raise financing against them, either for commercial use or as an investment property to add to their portfolio. That is commercial mortgages are loans that are borrowed for any non-residential property. For example, this can include the building in which you intend to run your business, or a rental or investment property.
In general, commercial loans require detailed and complex information to be submitted to gain an approval. Choosing a commercial mortgage depends on your objective. Broadly speaking a commercial mortgage can be divided into two different groups: owner-occupier mortgages and commercial investment mortgages.
At Viable Finance we will guide you through the process and deal with the lender to get the outcome that suits you. We will prepare a quality application in consultation with you and gather the necessary information to be submitted to the lender for speedy approval.
We can assist you obtaining a commercial loan facility for:
- Office and/or warehouse buildings: Typically, a large building with a number working cubicles or officers or smaller properties housing only a single business. Warehouse buildings are defined as properties that are used to store business products and supplies.
- Retail buildings: Retail buildings typically include malls or shopping centres, including individual stores in strip malls. Individual stores can be defined as an office or a retail building depending on the lender’s definitions.
- Land development: This is when you plan to build a commercial property. The loan application along with plans need to be submitted to the lender for approval to get the funds needed to build the property. This is still defined as a commercial mortgage and needs to be checked with lenders before submitting anything to be approved.
