Commercial Property Loan
A Prudential Finance commercial property loan is secured by first mortgage or second mortgage over real estate. This type of loan is also known as “Asset Lending” finance. Private property finance is for company borrowers who have reached their credit limit with the Banks and wish to continue purchasing property, or cannot demonstrate serviceability through traditional means for Banks.
If you need a faster loan settlement, see our Short Term Loans page.
An individual qualifies for a private commercial property loan.
If purchasing or refinancing a commercial property, an individual or a company may borrow the money.
A clean credit rating is always preferable, although if you have paid or unpaid defaults, we can still lend you money.
All unpaid accounts and defaults must be paid out on settlement of the loan.
We can assist if you are in bankruptcy, receivership or liquidation.
Borrowers who can not make monthly interest repayments, can borrow the interest upfront for the term of the loan.
The principal and interest are repaid on repayment of the loan, at the end of the loan term.