Buying Commercial Property? Settle With Urgent Short Term Finance
Buy the office, shop or mixed-use property you have contracted for, and refinance to a bank on your own timetable
Experts in strategic, short-term finance
Commercial property often needs to settle faster than a bank can assess it. Whether you are buying premises for your own business or an investment with tenants in place, we can fund the purchase in as little as 24 hours.
We lend on offices, shops, medical suites, mixed-use buildings and retail strips across Australia. The loan runs for 1 to 24 months, which gives you time to finalise a bank loan, sign a new tenant or complete your financial statements.
Common reasons buyers call us
- •The seller wants a 30-day settlement, and the bank needs longer
- •The property is vacant or partly leased, and the bank will not lend until it is tenanted
- •A lease is close to expiry, and the bank has reduced its valuation
- •Your business is buying its own premises, and the bank wants more trading history before it lends
- •The building is mixed-use or unusual, and the bank's policy does not cover it
- •The seller is a liquidator or receiver with a fixed settlement date
What the loan pays for
- •The purchase price, or the part your bank will not lend
- •Stamp duty and settlement costs
- •A fit-out or repairs needed before a tenant can move in
- •GST at settlement, where the purchase is not GST-free
How we assess a commercial purchase
We look at what the property is worth today, how easily it could be sold, and how you plan to repay us. A vacancy or a short lease is not an automatic decline. It affects the value and the loan amount, and we explain how when we make our offer.
The process, step by step
Enquiry. Send us the contract, the lease details and the settlement date. You will have an indicative offer the same day.
Valuation. Our in-house valuers inspect the property and review the leases, usually within a day or two.
Letter of offer. It is issued the moment you accept our terms.
Settlement. Settlement can follow within 24 hours of a signed letter of offer.
Information that helps
- •The contract of sale and the settlement date
- •Copies of the leases and the current rent roll, if the property is tenanted
- •Details of your business, if it will occupy the property
- •Any bank approval, decline or valuation you already have
- •Your plan to repay us: a bank refinance, a sale or another settlement
Our loan options for commercial buyers
- •First mortgage: over the property you are buying, up to 70% of its value
- •Second mortgage: over another property you own, to cover the rest
- •Bridging loans: to buy before your current premises or property has sold
- •Secured business loans: where the purchase is part of a wider business need, such as a relocation
Commercial purchase loan terms
| Loan feature | Detail |
|---|---|
| Loan size | $250,000 to $10,000,000 |
| Interest rate | From 9.7% p.a. (first mortgage), from 11.95% p.a. (second mortgage) |
| Term | 1 to 24 months, interest only |
| Maximum LVR | 70% of the lower of the assessed value and the purchase price |
| Security | A first mortgage over the commercial property you are buying, with other property added if needed |
| Settlement | From 24 hours |
Refinancing to a bank
Most commercial buyers repay us with a bank loan once the reason for the delay is fixed, such as a signed lease, a new valuation or another set of financial statements. Others repay us from the sale of another property. We agree the plan before settlement and set a term that allows for it.
Commercial purchases we have funded
“Commercial purchases are often held up by the lease rather than the property. A bank may want a longer lease or a signed tenant before it lends. We value the property as it is, with the lease it has, and lend on that basis. The buyer can settle now and refinance once the lease is signed.”
Gino Tabila
Associate Director
Frequently Asked Questions
Get an indicative offer within hours, not weeks.
No credit check. No obligation.
Why Secured Lending?
Are you a broker? Find out why brokers love working with us.
Case Studies
$400K Second Mortgage Repaid in Full After a Flexible Two-Month Extension
$1.8M First Mortgage Releases $980K of Working Capital for a Solar Business
$2.3M Second Mortgage Refinances an 18% Facility for a Glass Manufacturer
$800K Bridging Finance for Simultaneous Property Transactions in 48 Hours
$300K Second Mortgage for Dental Practice Working Capital in 5 Days
$700K Working Capital for a Technology Start-Up Settled in 72 Hours
$3M Working Capital for IT Business Expansion Settled in 2 Business Days
$1.9M Commercial Property Acquisition for Growing Doggy Daycare Business
Get an indicative offer within hours, not weeks.
No credit check. No obligation.
Why Secured Lending?
Are you a broker? Find out why brokers love working with us.
Other Urgent Loans We Fund
Each page covers one deadline: what we fund, what to send us and how quickly we can settle.