Join Australia's most dynamic and respected property investment community

Will you lend for Commercial property too?

Discussion in 'Property Finance' started by Darlinghurst Boy, 9th Aug, 2015.

  1. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    866
    Location:
    Darlinghurst Sydney
    just wondering if I can go to a Broker to buy say a Shop building?
    Or are Brokers only for Residential?

    Is it still 20% deposit or a higher deposit ?
     
  2. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

    Joined:
    18th Jun, 2015
    Posts:
    8,970
    Location:
    Sydney
    Will you lend? No, but I would borrow!
     
    Beelzebub and ellejay like this.
  3. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

    Joined:
    18th Jun, 2015
    Posts:
    8,970
    Location:
    Sydney
    Yes brokers do commercial as well - some specialise.
     
  4. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,113
    Location:
    Brisbane
    Lending for commercial property is different, and you would generally need a bigger deposit (30% or more).
     
  5. Corey Batt

    Corey Batt Finance Strategist Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    1,167
    Location:
    Adelaide, SA
    Depends on the broker, but many do Commercial lending - personally a favourite of mine considering it has a lot more flexibility and variance between lenders compared to residential lending.

    Generally commercial LVR's are lower than 80%.