Got big investment plans?
Your development journey starts here.
Got plans to enter the commercial land development market in Western Australia? You’ll need to assemble the right team to lead you to success – and it all starts with the right finance partner. Whether you’re developing retail or food outlets, office blocks, hotels or petrol stations, NWF is with you all the way.
Maximise your return on investment
As commercial development loan specialists, we bring vast product knowledge of finance solutions from different lenders (including all the major banks) to get you the best deal. Once we know exactly what you’re planning to do, we’ll assess your needs and hook you up with the lender and product that’s right for you, from property development finance, to commercial property finance (purchase or development) and commercial property investment finance. Then leave everything to us, as we take care of the entire process to deliver a fast, seamless approval.
Invest in the legends at NWF
Before you talk to your bank about asset finance, talk to us. With over 50 years of combined finance experience, we’re the best in the business.
Award-winning finance specialists
Over 50 years of combined experience
100% Independent third-party advice
Handle everything from application to approval and beyond
Locally based with true local knowledge of how the banks work
Up-to-date with the latest products
Free service
Good to know…
We’ll go over everything when we chat. But here are five things you should know about financing a commercial property development.
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A feasibility study involves crunching number to provide a clear vision of your property development plans, helping you to determine potential costs, profit, and necessary investment.
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The bank will undertake two valuations - one for the construction cost plus the land value, and one for the on completion value. The bank bases the final loan amount on the lower of the two valuations.
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A commercial development loan is like a residential construction loan except banks are a little tighter with the LVR (Loan-To-Value Ratio). You calculate it by dividing the loan amount by the property purchase price or valuation, then multiplying it by 100.
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There are several options for loan security. A Registered mortgage over the property, a general Security Agreement (GSA), a directors’/shareholders’ guarantee, or the rights to designs and intellectual property.
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Generally speaking, you should be able to borrow up to 50-60% of the property value. But that depends on location, population, and other factors that drive genuine need for the property and attract tenants to lease the premises.
So, what now?
Simply reach out to us for an obligation free consultation with one of our friendly teams across the state to see how we can get you into your first home.
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