Commercial Property finance is usually viewed differently from residential property finance by banks and lenders. Often the loan to value ratio that is allowed is less than residential property finance and the actual interest rates and set up costs can be higher.
Presently commercial property lenders available through Ability Finance are offering up to 85 percent loan to value ratio for full documentation loans and up to 75 percent loan to value ration for low documentation commercial property loans.
Many commercial lenders require the borrower pay for the property valuations, legal costs and title insurance.
Title insurance helps achieve a faster settlement with some commercial property lenders and reduces the cost if items such as building certificates, survey reports, council rates notices, land tax certificates, zoning certificates and other state or territory specific searches and reports are not required.