Commercial property loans are generally used for business or investment purposes. It can be used for purchasing or refinancing a commercial property.
The borrowers include:
individuals, sole traders, partnerships, trusts, registered companies and SMSF entity.
Employment could full doc, low doc and even PAYG.
Common forms of properties used for secured term loans include- residential property (block of units, house, unit or townhouse).
Specialised securities are those where the premises are designed for a specific usage like:
Suitable for multiple purposes
$250,000 to $100M+
Up to 15 years to 25 years
From 3% p.a.
weekly, fortnightly or monthly