Commercial private mortgages in Brisbane
Short-term commercial private mortgages in Brisbane and South East Queensland for refinances, tax debt and specialised property, and the kinds of Queensland deals we see.
Most of the Brisbane commercial enquiries we see come from business owners who need a few months of breathing room, usually because a bank facility is under pressure, a tax debt has built up, or the property is a bit unusual and doesn't fit a standard credit policy. A commercial private mortgage gives them that time, secured by property, with a plan to move back to a bank or a cheaper lender.
We lend $1M to $20M in Brisbane and across South East Queensland, for business and investment purposes, over 6 to 36 months, and we normally settle in 5 to 10 business days once the valuation is in.
Queensland commercial deals we've looked at
The examples below are based on real enquiries, but the numbers and details have been changed so none of them can be identified.
A specialised building. The owner of a specialised property had a private loan coming up for renewal. We looked at replacing it, sized to a set LVR cap with the client covering any shortfall, and asked our funder upfront how it would treat the building, because that decides the LVR before anything else.
A business with a tax debt. A business owner had been declined elsewhere because of a tax debt. A short-term loan across their property portfolio could clear the tax and consolidate other debts, with a refinance to another lender as the exit.
A business facility under pressure. A business had asked its bank for help on a facility, and other banks wouldn't look at it until the credit report cleared. A private loan could bridge that period. Some funders won't take property in smaller regional towns, so the security mix mattered. The broker's next question was what happens to the application fee if the valuation comes in short, which is a good question to ask any lender before you pay it.
A Gold Coast refinance that didn't get through checks. A refinance we couldn't take further because of issues that came up in our checks on the borrower.
What Brisbane commercial lenders look at
- How the funder treats the asset. Specialised and mixed-use buildings don't all sit in the same box as a standard shop or office.
- Location. Inner Brisbane and the Gold Coast are straightforward, while regional towns can reduce the LVR or rule the property out.
- The credit story. Hardship, arrears or tax debts are fine to raise, as long as they're explained upfront and the loan fixes them.
- The exit. A bank or non-bank that's said yes in principle, or a sale.
Frequently asked questions
Will you lend if my bank has put me in hardship?
We'll look at it. What matters is the property, the amount owed and a believable path back to a bank.
Do you lend on specialised commercial property in Brisbane?
Sometimes. We'll check with our funding partners before giving you terms, so you're not surprised later.
Is the application fee refundable if the valuation comes in low?
Ask every lender this before you pay anything, and get the answer in writing.