Bank Commercial Property Loans Sponsor Requirements
The minimum requirements of Bank Commercial Property Loans Sponsor would typically include:
In addition to the above Sponsor requirements, banks will also have Stringent WALE requirements; and the minimum requirements of around 1.5 times Interest Cover Ratios, the level of equity required, location and product mix.
It is important to note that banks, like any other lender, change their appetites from time to time. Just because you could borrow 60% of value from your bank 24 months ago, does certainly not guarantee that they would do the same loan parameters today.
Typical Lending Parameters for Bank Commercial Property Loans
Up to 65% LVR
MIN WALE of 4.5
Interest Rates from 3.5% p.a.