Business finance Perth

More than a residential purchase, and the exact requirement depends on the property type, the tenant and your financial position. Standard offices, warehouses and retail attract better terms than specialised buildings. We give you the realistic figure for your specific property before you make an offer.

Yes, and it often improves the terms because the lender's overall position is stronger. It also ties your home to the business borrowing, which is a genuine consideration. We set out both sides so it is a deliberate decision rather than something that happens by default.

Shorter than a residential mortgage, and terms vary considerably between lenders and deal types. Many facilities are also reviewed annually, which means pricing and conditions can change at review. We diarise your expiry and review dates so renegotiation never happens under pressure.

It is possible under a limited recourse borrowing arrangement, and the rules are strict. Fewer lenders participate and the structure must be right before you sign anything. We work alongside your accountant and financial adviser, since the structuring decision sits with them rather than with us.

For most bank facilities, yes, generally two years of financial statements and tax returns. Lease doc and low doc options exist where the property income is strong but full financials are not available. They cost more and can be the difference between doing a deal and missing it.

Not automatically, but it needs handling properly. A debt under a formal payment arrangement that is being met is viewed very differently to one that is not disclosed. Tell us at the start so we approach a lender that can work with it, rather than one that cannot.

It depends on how settled the business is and whether the repayment fits comfortably alongside rent you already pay. Buying builds equity in your own asset instead of a landlord's. It also ties up capital and reduces flexibility, so we run both cases with your actual figures.

Commercial pricing is negotiated rather than published, and appetite for a given property type shifts between lenders regularly. Presenting the file well to the right lender changes both the answer and the terms. That is the work, and it is difficult to do from outside the market.

Offices and consulting suites including strata offices, warehouses, factories and industrial units, retail premises and shopfronts, mixed-use buildings with a residential component, medical, childcare and other specialised premises, and land or property held by a trust or company structure. A childcare centre or a service station is harder to re-let if the tenant leaves, and lenders price that in.

Deposits are higher and vary with the property type and the tenant, loan terms are shorter than a residential thirty years, facilities are often reviewed annually rather than set and forgotten, financial covenants can apply, valuations are based on income and yield rather than just comparable sales, interest rates are negotiated per deal rather than taken off a rate card, and GST applies to some transactions.

Two years of financial statements and tax returns for each entity, interim management figures if the last year-end is months old, your ATO position including any payment arrangement, the lease with the tenant's covenant strength and term remaining, the property's yield, condition, zoning and re-letting prospects, your structure and which entity borrows and which guarantees, and the directors' personal position.

When you have a stronger tenant or a longer lease than when the facility was written, improved trading figures, equity growth that changes the loan to value position, a need to release equity for expansion, a guarantee or security you want released, or several facilities worth consolidating. Break costs, valuation and legal fees are larger than the residential equivalents, so we model the full cost first.