Commercial Property Refinancing
Refinance and save money on your repayments
Our clients’ satisfaction ratings on Google and Facebook have made us Australia’s most trusted Number 1 mortgage broker
We are committed to delivering the best solutions for your commercial property refinancing needs
At VOXFIN, the best commercial property refinance brokers will assess your business and cash flow to provide personalised solutions tailored to your specific requirements.
Commercial refinance mortgage brokers will assist you in refinancing your commercial property with the lowest interest rate for commercial refinance in Australia.
our expert commercial loan services, including office buildings, retail spaces, warehouses, hotels, and more.
Commercial property refinancing encompasses a wide range of property types, including office buildings, retail spaces, factories, warehouses, hotels, childcare centres, NDIS, industrial units, multifamily housing, and commercial estates and buildings. If you own any of these properties, our services could be the solution you’re looking for.
Our team at VOXFIN boasts extensive experience in SME commercial property financing, including commercial property refinancing loans. Our expert commercial property refinancing mortgage brokers have helped numerous Australians secure commercial property loans with the lowest interest rates. We offer a range of commercial property refinancing options, including fixed and variable rates, commercial loan eligibility, and interest-only loans, and provide tools like the maximum borrowing capacity calculator and mortgage repayments calculator to aid your decision-making.
Our approach is rooted in a comprehensive understanding of your current financial situation and future goals. When you choose VOXFIN, you’ll be working with some of Australia’s best refinancing commercial building mortgage brokers. They’ll provide you with top-level expert commercial refinancing advice and guidance, ensuring you have access to the lowest commercial property interest rate loan and the best commercial loan options available.
Solutions are available for every situation, even if the bank has said “NO.” We have commercial property refinancing deals for people with bad credit scores and have guided many people through tough situations, such as impaired credit scores, bad credit scores, defaults, etc.
We act quickly and promptly because we understand your urgency
Lowest Interest Rates
- Secure the best commercial refinancing interest rates and saving on your repayments of commercial property loan
- Ideal for refinancing commercial buildings after the construction or renovation to save on your high interest rate
Commercial Equity Loans
- Business owners leverage equity in existing commercial properties for additional financing
- These loans support various needs like expansion, working capital, or property enhancements
Low Doc Commercial Loans
- Low doc commercial refinance mortgage brokers specialise in providing loans for self-employed individuals with minimum documentation
- Whether you have all your documents ready for a ‘Full doc’ loan or not, we offer options, including ‘Low doc’ loans.
Maximum Loan Terms
- 30-year loan terms
- No annual reviews
- Borrow up to 80% LVR
- Simple and Easy Process
For commercial property refinancing, consider the following points
Before obtaining a commercial property loan, it’s crucial to consider several key factors to ensure you make informed decisions aligned with your business goals and financial situation. Here are some essential considerations:
Financial Health
Analyze the projected sales, profitability and cash flow of your business. then Lenders will evaluate the financial health of your business to determine loan eligibility and terms.
Loan Amount
Ascertain the amount of funding required for the project or purchase of commercial real estate. Think about things like closing expenses, down payment, property valuation, and any extra money needed for maintenance or renovations.
Property Analysis
Make a detailed study of the business property you plan to buy. Examine elements like market demand, property condition, and location.
Commercial loan structure
Loan Options
Discover various commercial property loans like mortgages, construction loans, bridge loans, and equity loans. Understand budgets, interest rates, terms, repayment plans, and lender eligibility criteria for selecting the best solution.
Interest Rates
Consider possible interest rate which lenders provide, and decide whether to choose fixed rate or variable rate loans depending on the level of risk and other goals. Think about how changes in interest rates will affect monthly instalments and total loan charges.
Loan Terms
Check loan terms, including recoverable period, repayment period, and fees. Longer loan terms may result in lower monthly payments but may increase long-term interest rates. Compare costs and benefits based on your company’s needs.
Eligibility and additional features
Eligibility Requirements
Understand lender’s eligibility criteria such as credit score, debt-to-income ratio, business financials, property appraisal.
Repayment Structure
Determine repayment structure whether it is a traditional amortizing or interest-only loan. Consider monthly payments and long-term impact on cash flow and profitability.
For Commercial property refinancing, you are choosing VOXFIN for:
- Fast approvals
- Reduced commercial loan interest rate
- Solutions for all types of commercial property refinancing
- The best commercial property refinance broker in Australia will guide you throughout the loan process
- Our clients’ high satisfaction ratings made us Australia’s best home loan mortgage broker
Frequently Asked Questions (FAQs)
Questions and queries related to Commercial Property Refinancing
WHAT IS COMMERCIAL PROPERTY REFINANCING?
Commercial property refinancing involves replacing your existing commercial mortgage with a new loan, often to take advantage of better terms, lower interest rates, or to access equity.
WHY SHOULD I CONSIDER REFINANCING MY COMMERCIAL PROPERTY?
- Lower Interest Rates: Refinancing can secure a lower interest rate, reducing monthly payments and overall interest costs.
- Improved Loan Terms: You may be able to negotiate more favorable loan terms, such as a longer repayment period or interest-only payments.
- Access Equity: Refinancing allows you to tap into the equity of your property to fund business expansion, renovations, or other investments.
- Consolidate Debt: Combining multiple loans into a single, more manageable loan can simplify finances and reduce administrative costs.
HOW DO I KNOW IF REFINANCING IS RIGHT FOR ME?
Consider refinancing if:
- Current interest rates are significantly lower than your existing rate.
- You need access to cash for business purposes.
- Your property has significantly appreciated in value.
- Your financial situation has improved, allowing you to qualify for better terms.
WHAT ARE THE COSTS INVOLVED IN REFINANCING?
- Application Fees: Charges for processing your refinancing application.
- Appraisal Fees: Costs for a professional appraisal to determine the current value of your property.
- Legal Fees: Fees for legal services related to the new loan agreement.
- Exit Fees: Potential penalties for paying off your current loan early.
- Other Fees: Additional costs such as title insurance, recording fees, and possible new lender fees.
WHAT DOCUMENTS ARE REQUIRED FOR REFINANCING A COMMERCIAL PROPERTY?
- Current Loan Details: Information about your existing mortgage.
- Financial Statements: Recent financial statements, including income and expense reports.
- Appraisal Report: An updated property appraisal.
- Business Plan: Details of your business operations and future plans.
- Tax Returns: Recent business and personal tax returns.
- Lease Agreements: Copies of current lease agreements if the property is leased out.
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CAN I REFINANCE IF MY PROPERTY VALUE HAS DECREASED?
Refinancing may still be possible, but it could be more challenging. Lenders typically require a certain loan-to-value ratio (LVR), and a decreased property value might affect this ratio. Consulting with a mortgage broker or financial advisor can help determine your options.
HOW DOES THE REFINANCING PROCESS WORK?
- Evaluate Your Current Loan: Assess your existing loan terms, interest rate, and remaining balance.
- Research Lenders: Compare lenders to find the best refinancing terms.
- Application: Submit your application along with required documents.
- Appraisal and Underwriting: The lender will appraise your property and review your financials.
- Approval and Closing: Once approved, you’ll sign the new loan documents, and the old loan will be paid off with the new loan funds.
HOW LONG DOES THE REFINANCING PROCESS TAKE?
The refinancing process typically takes 30 to 60 days from application to closing. This timeline can vary based on lender efficiency, the complexity of your financials, and the completeness of your application.
WHAT ARE THE RISKS OF REFINANCING A COMMERCIAL PROPERTY?
- Fees and Costs: Upfront costs can be significant, and it may take time to recoup these expenses through lower payments.
- Interest Rate Fluctuations: If refinancing to a variable rate loan, future rate increases can affect your payments.
- Extended Loan Term: While extending the loan term can lower monthly payments, it may increase the total interest paid over the life of the loan.
- Credit Impact: Applying for refinancing can affect your credit score due to the hard inquiry and potential changes in your debt levels.
HOW CAN A MORTGAGE BROKER ASSIST WITH REFINANCING?
Specialist Commercial property refinancing mortgage brokers at VOXFIN can help you navigate the refinancing process, compare loan options from different lenders, and negotiate terms on your behalf. We’ll also provide valuable guidance on whether refinancing is a good financial move for your specific situation.
For personalised advice and assistance with commercial property refinancing, consider consulting a financial advisor and an accountant.
Why choose us?
We understand the importance of earning your trust in the guidance provided by the expert commercial property refinancing broker at VOXFIN. We can assist you with all types of commercial property refinancing as well as all other financial lending needs, such as home loans, refinancing home loans, car loans, commercial loans, and insurance.
Additionally, we can assist with organising financing to start or grow your business and fund your assets.
Expert commercial property refinancing mortgage brokers at VOXFIN are here to help you with all types of financial needs. We simplify the loan process and provide the right information and guidance so you can make sound investment decisions.
We assist Australians throughout the nation. We work with over 35 lenders in Australia to bring you the best loan option with the lowest interest rate and the most appropriate home loan structure to grow your property portfolio.
Get a Free Consultation
info@voxfin.com.au
03 70652000|0435 393 623
We can simplify commercial property refinancing for businesses.
Expert refinance commercial mortgage brokers will provide tailored, personalised commercial property loan restructuring options with lower interest rates for commercial refinance with low-doc, full-doc options. You’ll work with the best commercial property refinance brokers in Australia. We work hard for you with honesty, transparency and genuineness so that we can build a long-lasting professional relationship.
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