Domane Financial Solutions recognise the needs of customers looking for commercial lending solutions. That’s why we offer a suite of products with a range of features and options tailored specifically for customers looking to borrow funds for a commercial venture.

Managing a commercial investment property is similar to managing a residential investment property, however, there are considerations that you need to make before committing to a purchase:

• Term: Commercial leases are generally for a period of three to ten years, sometimes with options to extend the term, compared to residential leases which are typically for around one year.
• Costs: Deposits of around 30% are generally required by lenders for commercial property investment. Building repair and maintenance costs can also be higher than a residential property. GST may also apply to the lease.
• Tenancy: Tenants can be affected by a range of factors, such as the economic environment, so you need to ensure you’re well informed about changes that could impact on your tenants and your commercial property. When you find a good tenant, retention is crucial, so ensure you engage in regular informal communication with your tenants and consider their needs.