Loans for Australian residents are possible for commercial investors..
Generally up to 70% of purchase price
Strong lease in place
Interest only from 1-5 years
Loan term up to 25 years
Can do both full document and low doc non resident commercial loans
Generally 70% up to $2m purchase price
65% up to $5m purchase price
Must have clean credit
Major metropolitan areas preferred.
Call us or email us if you are looking for a non resident commercial loan.
Non resident commercial loan
Scenario: Commercial property purchase at 70% LVR Commercial loan
Overseas resident looking to purchase a light industrial warehouse.
Needed commercial loan of $840,000 (70% LVR).
Purchase Price of $1.2m in major metropolitan area.
Property had recently been leased for 5 years at $6,000 per month.
3 year interest only loan term.
Rental proceeds being used to service loan.
Interest cover was 1.2*
No other income verification required.
Loan was approved by commercial lender at 70% LVR.