Commercial Mortgages are best arranged by a Commercial Mortgage Broker who can access a range of Lenders, saving you time!

Commercial Mortgages are generally for business purposes and include investments, owner occupied, construction and land banking / development.

The Commercial Mortgages that we look after are typically associated with the purchase of major assets such as land, buildings and equipment. These items are a significant expense and it is important that you get the right structure of fixed and floating interest rates & repayment terms, as the interest component will have a major bearing on your Profit and Loss Statement.

We can deal with all the Banks and they do  like to "cherry pick" only the best deals to write. This is due to the fact that we are still in tough times and they already have their fair share of impaired loans to manage without adding  more to their book. Commercial funding through a bank will often be on a principal and interest basis, which means repayments will have a greater impact on your cashflow than an interest only facility. Also unlike a Home Loan, which can have a term of up to 30 years, a commercial loan will often be at a term of 15 years or less.

Another signifiact cost to your business can be the monthly lease plus OPEX costs on your commercial premises. We are finding that in some cases that it is cheaper for a business owner to buy their own premises and instead of paying off the landlords mortgage they are paying off their own building. The building can often be owned by a Trust creating an income producing asset for later years and you must seek advice on this from both your Accountant and Solicitor.

Up to 100%?      Yes, if you have a strong business with good profits that can be demonstrated over say the last 3 years 100% Commercial Building Finance may be available. The Bank would be looking to have a First Mortgage plus a charge over your business which can include debtors, stock, plant and machinery. If you are buying as an investor, or perhaps it is a start up business, your loan will be at say 65% to 70% of the registered valuation or purchase price, unless you have collateral secuirty for the Bank, such as your home, but this does create an additional risk for you.

With property developers and investors now returning to the market we can help with the construction of commercial and residential investments, land subdivisions & retail premises. 

If yo have been to your Bank and they have declined your application or made it all just too hard, we have  a dedicated website with further infomation, NonBk Ltd, Non Bank Home Loans Mortgages and Finance, www.nonbank.co.nz, which may be the answer you are looking for.

Contact us for more information
info@firstratemortgages.co.nz
or Freephone 0800 699436 (0800 OXYGEN)

Contact me by Skype

First Rate Mortgages - "Financial Fresh Air"