Commercial Loans for Construction
Are you looking for construction loans commercial property in Australia? Here at Realloans Australia offer competitive construction loans to investors, builders and property developers.
Whether you are a business owner, developer or an investor, Contact us for all your construction finance needs.
Why use Realloans Australia
Expert Commercial Loan Brokers
Realloans Australia have most experienced commercial loan broker, that specialises in construction finance
40+ Commercial Lenders
With a good list of bank, non bank and private lenders available, Realloans commercial loan broker will provide you with the best solution.
Easy Loan Approval
From first contact to settlement, Realloans broker will guide you throughout your loan process and help you have a quick easy loan approval.
Commercial Construction Loan Features
- Loan purpose is construction of commercial real estate
- Loan Size 500k to $250m
- Owner-occupied or investment
- Individual, Partnership, Company, Trust and SMSF
- Maximum LVR 70%
- Loan term from 6 months to to 5 years
- Repayment Type: Interest Only
- Borrowers with bad credit accepted
What is commercial construction loan?
Commercial Construction loans is loan designed for building of commercial property which includes industrial and retail developments or townhouses and apartment buildings. The term of construction loan for Commercial Property is from 6month to up to 3 year.
In Australia, the Loan to value ratio ( LVR ) for a Commercial Construction Loan is mostly 65% but can be pushed to 70%.
Construction Loan interest rates
The interest rate for a low doc commercial property loan will depend on the size of your deposit, the overall risk of your situation, and the documents provided.
As a general rule, many commercial constructio loan lenders offer pricing dependent on the LVR. The lower the LVR, the lower the interest rate applicable.
What types of properties is commercial construction loan used for?
The types of commercial properties for construction loan is australia shop fronts, warehouses, retail shops, offices, rural farms, factories, or residential townhouses.
- Industrial Property – Warehouse, Factory, Manufacturing & Storage
- Shops & Retail – Supermarket, Bakeries,
- Offices
- Commercial Land- Greenfield, Infill Land & Brownfield Land
- Apartments, Boarding Houses
Special Purpose commercial real estate – Childcare, Petrol Station, Car Wash, Funeral Homes, community halls.
The loan term for construction loans can be for 6 months to 5 years depending on the lender.
Commercial Loan Lenders for Construction
We are accredited with a large range of lenders so we can provide a solution for your commercial finance needs. We source and negotiate finance with the major banks, second tirr banks, non banks and private lenders.
The Construction loan for building commercial property with major lender comes with tighter restrictions, lower LVR but competitive rates. Low doc construction loan and private lending for commercial property development have higher LVR and no to a little pre-sales.
Each commercial lender has its own policies and accepts different documents depend upon type of property, LVR and location of the property.
Apply for a commercial construction loan
At Realloans Australia, apply for the construction loan is easy and straight forward. Fill the below form, provide details about yourself and construction project.
One of commercial mortgage broker that special it commercial construction financing with get in touch with you.
Construction loan FAQs
Where do you offer commercial construction loans in Australia”
Realloans Australia is based in Melbourne, VIC but offer commercial loans for construction in Sydney, Adelaide and NSW, Canberra and ACT, Perth and WA, Brisbane , Gold Coast and QLD, Hobart TAS and more cities across Australia.
How much can I borrow for a commercial construction loan ?
For a commercial construction loan in Australia, you can borrow up to 65% to 70% depending up on location, type of construction and risk. The lower Loan-to-Value Ratio (LVR) results in better rates.
Can I get a commercial loan if I have bad credit?
Yes, even if a borrower has bad credit, it is still possible to obtain a commercial construction loan. This may limit the number of lenders that can be approached, but it is possible with lower LVR and higher risk fee and interest rate.
Who are commercial construction loans for?
Commercial construction loans are for business owner, investor or developer. If you are considering a commercial loan or seeking a construction loan, feel free to reach out to our specialist commercial mortgage brokers on +61 412 447 728.