Commercial Loans
Navigating the complexities of commercial loans requires expertise and a tailored approach. Recognizing that each client, be it an individual or a partnership, has unique needs, we are dedicated to finding the most suitable loan options for your venture.
Comparing over 50 lenders, we bring extensive experience in commercial lending to the table, ensuring you’re well equipped for success. The loan application process shares similarities with residential lending, such as the necessity for a deposit and proof of repayment capacity. However, commercial lending presents its own set of intricate challenges. Our role at Castle Home Loans is to simplify these complexities, guiding you through every step and leveraging my expertise to secure the ideal financial solution for your business with minimal stress.
Understanding the distinctions between residential and commercial loans is crucial. Commercial properties face the potential for longer periods without tenants, yet they offer the advantage of passing maintenance, rates, and repair costs onto the lessee, maximizing the owner’s profit margins. In contrast, residential landlords typically absorb these expenses. Lease terms also differ significantly, with residential agreements usually spanning 6 to 12 months, whereas commercial leases can extend much longer. Additionally, purchasing commercial real estate incurs Goods Service Tax (GST), adding 10% to the property cost.
If you’re considering a commercial property investment or need further information, we encourage you to reach out. Simply add your details to our online contact form. or call us, and we will connect with you shortly to explore how we can achieve your commercial objectives together.