Borrowers
Guide Vacant Land and Construction Loan
MAI Home Loans offers a wide variety of lending products from institutional
to non-institutional clients. This means we can provide finance
for most commercial property transactions from the simplest to the
most complex.
Every commercial property deal is different and a wide variety
of factors affect the pricing of every deal. These range from property
location through to percentage borrowed and the type of asset involved.
How much can I borrow?
Loan to value ratios (LVR) for commercial property usually don't
exceed 70% however recently a number of products have come to the
market allowing commercial property borrowers to obtain up to 80%
or higher. Naturally, the higher the risk, the higher the rate but
a variety of factors come into play that effect the final rate including
property location, tenancy mix (if appropriate), property type etc.
| Minimum Loan |
$500,000 |
|
| Maximum Loan |
$100,000,000 |
|
| Term 1 |
- 15 years |
Longer term loans are also available although terms longer
than 10 years are usually principal and interest short term
bridging loans are also available. |
| Security Types |
Commercial, industrial, retail and residential property. |
Specialised assets are also acceptable including hotels, motels,
medical centres, hospitals, nursing homes etc. etc. |
| Interest Type |
Interest only. |
P +I (principal and interest structures are also available)
Payments are usually made monthly in arrears. |
| Loan Purposes |
Purchase refinance or capital raising. |
Loans are available for purchase of new assets, refinance
of assets or for clients seeking to raise capital on existing
assets for a variety of purposes.
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