In New Zealand many mortgage advisers stick to residential mortgage lending and do not have the experience with commercial property lending; however it’s an area that has always interested me and therefore it’s something that I have specialised in.
As an investment commercial property is generally going to provide better returns, but the lending criteria is quite different, deposits needed can be larger and generally the loan terms are shorter – to a maximum of 15-years.
I’ve also helped a lot of people that require a commercial property for their businesses.
To Source Commercial Lending Solutions
It’s common for people to approach their main bank when wanting to buy a commercial property and while they may offer you the finance you also need to be careful with the way banks tend to link everything together.
You can end up with your home, your business and your investment properties all linked together and that can restrict what you can do in the future. Whenever possible you should ensure that any commercial property lending is separate and stand-alone from your other financial arrangements.
Let’s Assess Your Situation & Make A Plan
Before you race to the bank to discuss and get your commercial property lending approved we should look at your situation, assess the options and what your future plans are.
You are better to get good advice right at the start as it’s a lot easier than having to refinance things later.
It costs nothing to have a look at your situation, and the advice that I can give you might save a lot of headaches and costs later on.
