Parramatta, NSW
Commercial property loan in Parramatta
Parramatta commercial property has been reshaped by the Square, the light rail and Metro West, and strata suites in the CBD and around Westmead are a common owner-occupier purchase for practices and professional firms tired of rising rents. Owner-occupied facilities are assessed on your trading business rather than market rent. Expect a 20–30% deposit, and get advice on whether the suite belongs in a company, a trust or a self-managed super fund before you exchange.
Business finance in Parramatta
Parramatta is the central business district of Western Sydney and the second commercial centre of the greater Sydney region. Its economy is built on health around Westmead, education, state and federal government offices, professional services and a construction sector kept busy by continuous commercial and residential development. Parramatta Square, the light rail and Metro West have concentrated corporate tenancies into the city core.
How we work with Parramatta businesses
Parramatta is home. Our office is at Level 14, 3 Parramatta Square, and Anthony, Stefan and Kris meet Parramatta clients in person — at our office or at your premises. Documents are handled online where that is easier, and settlements are arranged Australia-wide, but if you would rather sit down and go through the numbers face to face, that is a short walk for most Parramatta businesses.
What is a commercial property loan?
A commercial property loan is finance secured by a commercial, industrial or retail property, used to buy premises for your business, invest, or refinance an existing loan. Terms run to 25–30 years with lower rates than unsecured lending.
Commercial property loan in Parramatta: the numbers
| Typical amounts | $250,000 – $20,000,000 |
|---|---|
| Term | 12–360 months |
| Indicative rates | 6.2% – 9.9% p.a. · rate history |
| Speed | 2–6 weeks |
| Key Parramatta industries | Medical practices · Professional services · Construction · Allied health · Retail |
| Commonly financed here | Business car · IT hardware · Shop fit-out · Ute · Ultrasound machine |
Rates shown are indicative ranges observed across our lender panel for the period stated. They are not an offer or quote. Your rate depends on your business, the lender, the amount, the term and the security offered. The lender makes the final credit decision.
Key terms
What is a commercial property loan?
A commercial property loan is a mortgage over non-residential property such as offices, warehouses, retail or industrial units. It can be full-doc, low-doc or lease-doc depending on how servicing is assessed.
Commercial property loan questions
How much deposit do I need for a commercial property purchase?
Commercial lending is usually written to a lower loan-to-value ratio than residential, so expect to contribute more. Owner-occupied purchases commonly sit around 65% to 80% LVR depending on the property type and the strength of the business, meaning a deposit of roughly 20% to 35% plus costs. Specialised premises attract tighter LVRs than standard offices, warehouses or retail. Using equity in an existing property can reduce or replace the cash deposit.
How long does a commercial property settlement usually take?
Plan for six to twelve weeks from application to settlement in most cases. The steps that take time are the full financial assessment, a formal valuation of the property, legal documentation and any conditions the lender imposes before funding. Purchases with tight contract dates need the finance clause negotiated realistically at the outset. Refinances of an existing loan can be quicker where the property and the borrower are straightforward.