Purchase or refinance commercial property with our flexible commercial loan options for investors, business owner-occupiers and self-managed super funds (SMSFs)
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A commercial loan typically uses commercial property as collateral and can be an ideal option for those looking to purchase their own business premises or build a commercial property portfolio. Commercial properties are favoured by some investors as they can generate higher returns than residential properties, along with having other benefits such as longer leases.
Commercial property loans can be more complex and costly than residential property loans. Working with a knowledgeable commercial finance lender will save you time and money.
Purchase a commercial property as an investment to grow your property portfolio
Consolidate business or commercial debt, e.g. business credit cards, unsecured loans for business, etc.
Purchase a commercial property as owner-occupied to support the operations of your own business
Refinance an existing commercial property loan to obtain a better interest rate, renew an expired loan term or obtain specific loan features
Renovate or fit out a commercial property (non-structural improvements only)
Purchase or refinance a commercial property
30 year loan terms
No annual reviews
Borrow up to 80% LVR
Redraw or 100% offset facility
Flexible income verification (accountant declaration or BAS)
Tailored to self-employed applicants
Borrow up to 80% LVR
Redraw or 100% offset facility
Borrow up to 80% LVR
Optional 100% offset facility
30 year loan terms
Service loan using lease income
30 year loan terms
No annual reviews or valuations
Borrow up to 70% LVR
Apply online with our easy online home loan application. A dedicated Loan Consultant will give you a call to discuss your home loan requirements and help find the best solution for you.
We verify your information by receiving some supporting documentation, e.g. payslips, tax returns or bank statements. We also perform a valuation on your property.
Our credit team reviews your information and makes an assessment on your application.
Our solicitors send you the loan contract via email. When it is time for settlement, our solicitors will work with your solicitor (for a purchase) or current lender (for a refinance) to settle your home loan!
A commercial property loan is a mortgage for your business premises. It can be used for funding a commercial property purchase, refinancing an existing commercial loan, buying new equipment or financing other business activities.
Our low rate commercial loan works in a similar way to a normal home loan. It can be extended for a loan term up to 30 years. You can choose between Principal & Interest or Interest Only repayments. You can also select loan features such as split accounts or an offset facility.
Yard can provide commercial property loans with 20% deposit up to 80% LVR for a new purchase or a refinance of an existing loan. The deposit requirement could vary based on the location and type of property used as a security for the loan.
The key difference between a commercial property loan and a residential loan is the property type and loan objective.
Property type:
• Residential mortgages are used for financing properties where the borrower intends to reside, such as houses or apartments
• Commercial mortgages are designed for commercial properties used for business purposes, including office spaces, warehouses, retail shops, etc.
Loan objective:
• Residential Mortgages are primarily used for personal housing needs
• Commercial Mortgages are used for business purposes, such as acquiring income-generating commercial properties for investment or the borrower’s own business operations
You are required to provide a minimum of 20% deposit to obtain a commercial mortgage. If you are refinancing an existing commercial loan, you need to demonstrate that you have 20% equity in the property and the loan does not exceed 80% loan-to-value ratio (LVR).
Yard completes a serviceability test to determine how much you can borrow for a commercial property. To estimate this, we would review your income, expenses, and existing loan commitments. You also need to demonstrate that you have sufficient assets to provide a 20% deposit.
Yard can provide commercial property loans with a term of up to 30 years.
Yard can lend up to 80% LVR for a commercial property. The LVR requirements could vary based on the property type and location.
With the Yard Home Loan, you can achieve your goals:
• Purchase a new home or investment property
• Refinance to save money
• Take cash out for a personal or investment use (e.g. renovate, have a holiday)
• Consolidate debts to a cheaper rate into your home loan
• Release equity
We can accept the following property types:
• Houses, apartments and town houses
• Rural residential and hobby farms
• Off-the-plan purchases
Yes, we can lend to applicants who are employed (PAYG) as well as self-employed. For self-employed borrowers, we typically require 2 years of trading history under the same ABN. Professionals (e.g. Doctors, Lawyers, Accountants, IT Professionals) who have recently become self-employed and have traded under an ABN for at least 6 months can be considered.
Yes, Yard provides vacant land and construction loans.
Click ‘Apply now’ - it takes as little as 15 minutes to provide Yard with information about your home, your finances and how much you'd like to borrow. You can also select to make an appointment with a Loan Consultant to discuss your requirements at a time that suits you by clicking on ‘Talk to an expert’. We'll contact you via email or phone to discuss your application. This is your opportunity to ask us questions and design your loan. Once you're comfortable a Yard loan is right for you, simply provide the required documents for assessment via our document portal. If successful, we'll arrange the loan.
New loan inquiries: hello@yard.com.au
Service requests: hello@yard.com.au
We consider your time, your circumstances and your wallet
