Purchasing a commercial property, be it a build, land, or even a development site is an expensive exercise. Along with everything else to consider, GST must be paid on top of the purchase price.
Many banks do not offer their loans to include this cost and require you to stump up the additional 10%.
Although the GST is later recovered from the ATO, reclaiming the money can take up to 120 days. This often causes significant cash flow problems, potentially jeopardising the transaction altogether.
The additional equity required for GST can reduce working capital, with low cash reserves leading to limited flexibility and high opportunity costs on other business or investment activities.
Property Credit provides a quick, simple and short term GST finance solution to plug the gap and let you get in with business
We can only offer loans to commercial borrowers for commercial purposes. We also require the property to be purchased by and held in an SPV (Special Purpose Vehicle) - a new entity with minimal operational or taxation history.
The minimum term is 1 month and the maximum may vary.
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 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.
No. We are a finance company offering financial solutions to real estate professionals and their clients.