Owning your own business is a dream many Australians share, but unfortunately most
will never achieve due to a lack of funds. South West Mortgage Brokers offers help to
find commercial loans for people looking to purchase, expand, or refinance commercial
properties and businesses.
Commercial loans are similar to regular mortgages, except lenders will accept
commercial real estate as security on the loan. However, as these loans are more
specialized than a regular residential property loan, seeking expert advice is essential.
Commercial loans also differ in that they are usually underwritten based on the size and
type of the property being mortgaged, rather than the attributes and credit history of the
borrower or company.
Interest rates on commercial mortgages are usually higher than those for residential
loans, but there are still fixed or variable loan options.