Forums / Property Investing / Commercial Property / commercial loans – best rates?

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  • Profile photo of PropertyGutsPropertyGuts
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    @propertyguts
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    any suggestions for lowest rate lenders for commercial property in Sydney/NSW?   Who is doing good deals?

    Profile photo of Scott No MatesScott No Mates
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    @scott-no-mates
    Join Date: 2005
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    Save yourself half the hassle and contact a broker – Terry/Richard/Jamie should all be capable of doing the job.

    Profile photo of Jacqui MiddletonJacqui Middleton
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    @jacm
    Join Date: 2009
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    To clarify Scott's suggestion:

    Richard Taylor (userid Qlds007), or Jamie Moore (Jamie M)

    TerryW is a lawyer ,.. unless I've misunderstood somewhere along the line and he is a double agent hehehe.

    Jacqui Middleton | Middleton Buyers Advocates
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    VIC Buyers' Agents for investors, home buyers & SMSFs.

    Profile photo of jmsracheljmsrachel
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    I’m pretty sure I’ve read somewhere Terryw is also a broker.

    Profile photo of Jacqui MiddletonJacqui Middleton
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    @jacm
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    Oh you are right!  Says so on his info sheet http://www.terryw.com.au/  .  How have I gone this long and been unaware.  Angry with myself. 

    Jacqui Middleton | Middleton Buyers Advocates
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    VIC Buyers' Agents for investors, home buyers & SMSFs.

    Profile photo of Richard TaylorRichard Taylor
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    There are some excellent Commercial rates around depending on the security and the anticipated lvr.

    Would need to know both before giving you an anticipated rate.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
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    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of Alistair PerryAlistair Perry
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    Lowest rate at the moment is 4.99% for a one year honeymoon rate. Variable and fixed rates are all low at the moment for deals that can be placed with banks. There is no one size fits all loan in commercial, you get very different products depending on what type of property, the amount and LVR, but the 4.99% rate is available across a fair cross section of scenarios.  

    Profile photo of TerrywTerryw
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    @terryw
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    JacM wrote:
    Oh you are right!  Says so on his info sheet http://www.terryw.com.au/  .  How have I gone this long and been unaware.  Angry with myself. 

    Yes Jac, I have been a broker about 13 years now. Also qualified in tax, law (and financial planning – almost.)

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
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    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of thecrestthecrest
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    Would anyone care to update this post with some current rates for May 2013 ?

    cheers

    thecrest

    thecrest | Tony Neale - Statewide Motel Brokers
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    selling motels in NSW

    Profile photo of Alistair PerryAlistair Perry
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    @aperry
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    Current CBA special offers:

    * 2yrs @ 5.14% (2 year loan term)

    * 3yrs @ 5.54% (3 year loan term)

    I would think these are very attractive rates, especially given that cap rates remain reasonably high for commercial property.

    Profile photo of PropertyGutsPropertyGuts
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    Commercial loans starting with a 4 and a 5? really? 

    Profile photo of Richard TaylorRichard Taylor
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    Yes PG that's exactly right.

    Just went to Contract on my first Commercial investment this afternoon being 6 shops, bit of resi and some vacant land for storage sheds and was offered a very good com rate by my Bank.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
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    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of thecrestthecrest
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    Hi all.

    The figures anyone can post here are sure helpful when aiming at a better deal with the lender.

    I'm paying 6.16% on a fixed IO comm CBA loan, and 8.73% on an unsecured P&I CBA comm loan for my motel leasehold.

    Sounds like I can do better. Any suggestions appreciated.

    Cheers

    thecrest

    thecrest | Tony Neale - Statewide Motel Brokers
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    selling motels in NSW

    Profile photo of PropertyGutsPropertyGuts
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    Bankwest is offering low 5's, with commercial property as security and personal guarantees from directors, with a big IFS, if the leases are longer than the length of the loan

    Profile photo of PropertyGutsPropertyGuts
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    Profile photo of DGL QLDDGL QLD
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    @dgl-qld
    Join Date: 2013
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    Hi Guys,

    If I wanted to borrow $3m for a ready to go now land development what would a commercial lender need to get the deal over the line, I am in Brisbane.

    David

    Profile photo of Alistair PerryAlistair Perry
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    @aperry
    Join Date: 2004
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    Hi David, It depends if you are wanting to borrow to develop the land or just for the acquisition. These are two very different scenarios, but either way, rates are very low at the moment.

    Profile photo of LazibonesLazibones
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    @lazibones
    Join Date: 2013
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    My West Pac Buisiness One is 4.93, its been under 5% for a few months now.

    Profile photo of thecrestthecrest
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    @thecrest
    Join Date: 2004
    Post Count: 992

    This post is very helpful, thanks to all, would you mind updating those rates for January 2014 ?

    Much appreciated

    Cheers

    thecrest

    thecrest | Tony Neale - Statewide Motel Brokers
    http://www.statewidemotelbrokers.com.au
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    selling motels in NSW

    Profile photo of Richard TaylorRichard Taylor
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    @qlds007
    Join Date: 2003
    Post Count: 12,018

    To be honest for the right Commercial security not much has changed as far as Rates in the Com sphere since the last post.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

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