Do I Need A Commercial Finance Broker?

As anyone who has bought a family home will attest, it’s an emotional process that involves both the head and the heart. Luckily buying commercial real estate is simpler – it’s all about the cold, hard figures.

That’s why whether you’re looking to grow your own business or reap the rewards of rental returns and capital gains, if you are buying commercial real estate you need to seek trusted advice from a finance broker like Zippy Finance. Commercial lending isn’t as simple as residential lending, so it’s essential to have the backing of an experienced commercial mortgage broker, who will be able to ensure you get the best deal.

The Benefits of a Commercial Finance Broker

• A Broker doesn’t Work for the Banks

Once they get your regular business, the banks regard you as hooked. If you are a loyal customer with multiple accounts and loans, they’re less likely to offer you the best deals on any new lending. By going straight to your regular bank to discuss a new commercial loan, you can be sure that you’ll be overcharged.

• A Broker will Secure You the Best Deal

A finance broker can compare all the different loans from different banks and other lenders that a lot of people won’t have even heard of. You will be able to see exactly what the market has to offer, and get a clear picture of the associated costs, from interest rates and entry fees to ongoing charges. By comparing the savings, you’ll have the peace of mind of knowing you’ve got the best deal possible.

• A Broker can Negotiate

Unlike some rigid residential home loans, commercial lending is more flexible. An experienced commercial mortgage broker will have strong relationships with their lenders, know their products inside out and be able to negotiate on your behalf. There are a lot of loan-structure options to explore and every one of them has the possibility to secure you a fairer deal and save you money.

• A Broker will Grease the Wheels

The emotion of purchasing a dream family home might not be there with a business transaction, but in many ways it is a more complicated process. Your broker will help to smooth proceedings, by offering help and guidance at every step of the way and by dealing with any other involved parties – accountants, lawyers and estate and buyers’ agents.

• A Broker Looks to the Future

Any investment is always about future returns, and your commercial mortgage broker will be by your side for the long haul. As you and your business needs change, your broker will ensure that your loan remains competitive.

Why should I consider using a commercial finance broker instead of going directly to a bank?

A commercial finance broker doesn't work for any specific bank, allowing them to offer you a range of options from various lenders. This ensures that you get the best deal possible, tailored to your specific needs.

How can a commercial finance broker help me get a better deal?

A commercial finance broker has the expertise to compare different loans from various banks and lenders. They can provide you with a clear picture of the market, including interest rates, entry fees, and ongoing charges, helping you secure the best deal.

What kind of flexibility can I expect with commercial lending?

Commercial lending is generally more flexible than residential lending. An experienced commercial mortgage broker can negotiate on your behalf and explore various loan-structure options to secure you a fairer deal.

How does a commercial finance broker make the lending process easier?

The broker will help smooth proceedings by offering help and guidance at every step of the way. They can also coordinate with other parties involved, such as accountants, lawyers, and estate and buyers' agents, to ensure a seamless process.

What is the long-term benefit of working with a commercial finance broker?

A commercial mortgage broker will be by your side for the long haul. As your business needs change, they will ensure that your loan remains competitive, saving you money in the long run.

Is the advice from a commercial finance broker general or tailored to my specific needs?

While the article provides general advice, a good commercial finance broker will tailor their services to meet your specific financial situation and needs, ensuring that you make the best decisions for your business.

If you would like to know more or have a question about commercial loans, send us a message at clientservices@zippyfinancial.com.au or phone us on 1300 855 022.

About the Author:

Louisa Sanghera is an award-winning mortgage broker and Director at Zippy Financial. Louisa founded Zippy Financial with the goal of helping clients grow their wealth through smart property and business financing. Louisa utilises her expert financial knowledge, vision for exceptional customer service and passion for property to help her clients achieve their lifestyle and financial goals. Louisa is an experienced speaker, financial commentator, mortgage broker industry representative and small business advocate.

Connect with Louisa on Linkedin.

Louisa Sanghera is a Credit Representative (437236) of Mortgage Specialists Pty Ltd (Australian Credit Licence No. 387025).

Disclaimer: This article contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This article is not to be used in place of professional advice, whether business, health or financial. r-less normal distribution of letters. making it look like readable English.