Refinancing a commercial property

Scenario – Willoughby NSW

The client sought to refinance an expiring facility on their newly renovated mixed-use commercial property in Sydney. With no tenants yet in place, the client was unable to secure a long-term lease product from a conventional lender.

commercial building nsw
front, north willoughby nsw 2068
floor plan
floor plan, north willoughby nsw 2068

Solution

Working with their broker, they chose a short-term solution that allowed interest to be capitalised over a 12-month period.

 

This approach provided the client with time to lease the property, generate tenant income and meet the requirements for a longer-term refinancing option. The outcome of this strategy was a successful refinance.

LVR
65%
Loan amount
$1.056 million
Loan term
12 months

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