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Commercial Mortgage Finance
Commercial Mortgage Finance
Loans for business purposes secured by commercial real estate.
Repayment Calculator
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Commercial Mortgage Finance
Commercial Real Estate loans are available for both owner occupied and investment purposes. Commercial loans are defined as loans secured by commercial real estate, being either retail or industrial. Those loans can be taken on an amortising basis with notional terms of up to 20 years with the option of interest only for the first one to five years.
The interest rates vary depending on the amount borrowed, the loan to security ratio and the strength and quality of the application; However, the following may be used as a guide to current commercial rates.
Variable Rate Loans
| Commercial Variable |
7.70% |
Commercial Fixed Rate Loans
Loan Amounts |
Over $250,000 |
| 1 Year Fixed Rate |
7.98% |
3 Years Fixed Rate |
8.43% |
5 Years Fixed Rate |
8.77% |
Loan Features and Benefits:
-Additional principal reductions can be made WITHOUT penalty on all variable rate loans.
-Loans can be split between Fixed and Variable interest rates
-Loans are portable (i.e. security can be substituted where a replacement property is purchased without repaying the loan)
Prompt answer on loan applications of five working days maximum.
-Interest only loans are available for terms of one through to five years
Loan Costs
As a guide, an estimate of loan costs is an amount of up to 0.75% of the amount financed. This figure includes property valuation and lenders establishment fee and lenders legal costs. The 1% does not include loan security duty or the stamp duty on the purchase price.
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Repayment Calculator
To operate the following quotation calculator enter the appropriate amounts in each input field. Once you have entered a figure in the first input field you may use the tab key to advance to the next input field, if you wish. Once all of the input fields are filled, to generate the final monthly repayment figure, press inside the monthly repayment field with your cursor. Please input interest rates from the above table, which are the indicative rates available through Robert Mayor & Associates
Repayments are calculated MONTHLY IN ARREARS, i.e. the first payment will be due one month after settlement.
Contact Us for More Information
If you would like to find out more information about anything covered on this page, please contact us and we will assist you with your enquiry. Thank you.
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