Commercial and Development Finance
Do you understand what the banks look for when lending for commercial and development projects? We do!
Commercial and Development Finance
Do you understand what the banks look for when lending for commercial and development projects? We do!
We’ll Assist With All Your Commercial Mortgage Needs
With every deal being different with lots of factors affecting it, a commercial lending expert can be a great investment.
We’ll identify the commercial loan providers and products from low interest rate investment loans through to more highly leveraged facilities for commercial, industrial, retail and residential properties.
We'll Ensure You'll Realise:
⭕ The lowest wholesale lending rates.
⭕ Long term interest only loans.
⭕ Property based, asset focused lending.
⭕ Flexible terms and conditions.
⭕ Stress free process.
Lenders Are Rigorous When Lending For Property Development
Property development is a riskier proposition for lenders and their requirements are far more rigorous than with any other type of finance.
We don’t expect that our clients will be experts in the process. Otherwise why would you need us?
But, experts or not, you need to know that the Banks don’t grant loans specifically just based on the security and viability of the project. They evaluate a number of factors in great detail, similar to evaluating a new business plan.
We’ll provide the right expertise and knowledge to assist you when it comes to obtaining development funding.
With many large development projects your financing may need to be provided by a number of lenders, so our broad industry knowledge and expertise in managing multi-lender projects is invaluable.
We’ll keep your needs first and foremost but we’ll also keep the lender’s criteria and expectations in mind too,
We'll Support you throughout the entire process
⭕ Establishing how much you can/need to borrow.
⭕ Explaining the details and nuances of development financing.
⭕ Considering different types of funding for each stage of your project.
⭕ Completing professional loan applications.
⭕ Creating comprehensive and compelling “business plans” for your development project.
⭕ Identifying alternative sources of funding.
⭕ Possibly seeking a Low Doc Loan Solution.
⭕ Arranging repayment schedules.
FAQ
Why should I use a mortgage broker instead of going directly to a bank?
Mortgage brokers have access to a variety of lenders and loan products, potentially providing you with more options and better terms than if you were to approach a single bank.
How do I know if I qualify for a mortgage?
Mortgage brokers can assess your financial situation and guide you on the likelihood of loan approval. They can also provide advice on steps to improve your eligibility.
What information do I need to provide to get started with a mortgage application?
Typically, you’ll need to provide details about your income, employment, credit history, and other financial information. The mortgage broker will guide you through the required documentation.
How does the mortgage application process work with a broker?
The process involves an initial consultation to understand your financial goals. The broker will then recommend suitable loan options, assist with the application, and facilitate communication between you and the lender.
What types of mortgage loans are available, and how do I choose the right one?
Mortgage brokers can help you explore various loan options, including fixed-rate mortgages, adjustable-rate mortgages, FHA loans, and more. They will guide you in choosing the loan that best fits your needs.
How long does it take to get a mortgage approved through a broker?
The timeline varies, but a mortgage broker can help streamline the process. Factors such as document availability, property appraisal, and lender processing times can influence the overall duration.
Can I get a mortgage if I have a less-than-perfect credit score?
Yes, some mortgage brokers specialise in assisting clients with varying credit histories. They can explore available options and provide guidance on improving your creditworthiness.
What is Lenders Mortgage Insurance?
In essence, Lenders Mortgage Insurance (LMI) enables you to buy a property with a reduced deposit.
LMI serves as a safeguard for the lender (not the borrower) in the event of your default and the subsequent sale of the property at a price lower than the remaining loan balance.
Borrowers are responsible for LMI premiums when the borrowed amount exceeds a specified percentage. While some lenders permit you to include the LMI premium in your home loan, others mandate upfront payment.
A Word From Our Clients
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