The GST and Stamp Duty liable on a commercial property purchase is a major consideration for investors and developers – frequently taking purchasers by surprise and causing major headaches. Many lenders do not offer business loans higher than 60-65% of the value of the property. Therefore in most cases, a 35-40% deposit is required to complete the purchase.
On top of all this, you have the major cost consideration of GST! 10% payable at settlement with an average 60 – 120 days delay from payment to recovery.
The minimum GST loan is $30,000. There is no maximum amount. However, facilities over $1 million will require deeper discussion and you will be assigned a representative to assist with this.
The cost of our loans vary depending on a number of factors. Once you fill in the quick application form we will be able to give you a quick quote.
The minimum term is 1 month and the maximum may vary.
We can only offer loans to commercial borrowers for commercial purposes. TaxLend also requires the property to be purchased by and held in an SPV (Special Purpose Vehicle).