Commercial Loans

Purchase a property, equipment or business with a Commercial Loan organised by a Finance and Mortgage Broker at Coco Finance Broking

Rated 5 from 26 Reviews

Whether it's to purchase a property, equipment or business, we're here to help

At Coco Finance Broking, we understand the diverse needs of businesses on the Central Coast and throughout Australia. Our expertise in commercial loans can help you access commercial loan options from banks and lenders across Australia, tailored specifically for your business goals. Whether you are buying commercial property, expanding your business, or upgrading equipment, our comprehensive services aim to support your financial growth. We offer a streamlined application process, ensuring that accessing the right commercial finance solution is straightforward and efficient.

For many businesses, buying commercial property or expanding operations is a significant step forward. At Coco Finance Broking, we provide guidance on commercial property finance, helping you secure the right loan structure with flexible repayment options. Whether you are looking to buy commercial land or an industrial property, understanding the various options available is essential. You can choose between a secured commercial loan, which requires collateral, or an unsecured commercial loan if you prefer not to put assets at risk. Our team will work with you to determine the best interest rate and loan amount for your specific needs.

The interest rate is a crucial factor when applying for a commercial loan, as it affects your overall repayments. We offer both variable interest rate and fixed interest rate options, allowing you to decide what works best for your financial strategy. A variable interest rate can offer flexibility but comes with the risk of fluctuations, while a fixed interest rate provides stability with consistent payments over time. For businesses looking to expand or buy new equipment, we offer flexible loan terms that can accommodate your cash flow and business cycles.

Another important aspect of commercial finance is the ability to customise the loan structure to fit your business operations. We offer options such as progressive drawdown and a revolving line of credit, which give you access to funds as needed and allow for greater flexibility in managing finances. This is particularly useful when upgrading existing equipment or making large purchases that require staggered payments. Additionally, features like redraw facilities can provide further flexibility, enabling you to access extra repayments if necessary.

Our goal at Coco Finance Broking is to make the process of applying for a commercial loan as smooth as possible. With our streamlined application process, we reduce the complexity so you can focus on what matters most—growing your business. By working closely with various banks and lenders across Australia, we ensure that you have access to a wide range of options tailored to your unique situation.

Choosing the right commercial loan is an important decision for any business. At Coco Finance Broking, we are committed to providing expert advice and personalised service to help you achieve your financial objectives. Whether you need assistance with buying commercial property or securing finance for new equipment, our team is ready to assist. Contact us today to explore how we can support your business's growth and financial success.

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Reviews for Coco Finance Broking

TJ

Tiarne Johnston

Coco Finance were amazing to deal with. They found us a better deal, made everything simple, and we're now on track to pay our loan off much faster. Couldn't be happier.

SS

Samantha Sahni

I don't even know where to start in providing my review of Coco Finance. Our new home build was not going as planned and we had been through a few brokers who couldn't help us before we heard of Cameron. He wasn't put off by the challenge but was innovative in his approach. He worked with our builder to find the best solution, thinking outside the box. When hitting road blocks, he was onto the next idea always keeping us involved in the process. Even the small things I wouldn't have bothered about, he made sure to iron out and made everything very easy for us. Not only did he help us achieve our goals, but was knowledgeable enough to provide us with advice regarding future plans and how to prepare for them. Through all of this he was always honest, friendly, relatable, and easy to reach. We will most definitely be turning to Cam again and again in our future endeavours. I can't recommend him enough.

JG

Julianna Geffroy

I highly recommemd Coco Finance Broking! From the very first conversation, Cameron was professional, approachable, and incredibly knowledgeable. He took the time to understand our financial goals and patiently walked us through every step of the mortgage process, ensuring we were confident and informed throughout. We worked with Cameron on our construction loan and he went above and beyond to secure the best possible loan for our circumstances, even navigating some complex hurdles along the way with ease and expertise. Communication was always prompt and clear, giving us comfort that all was being handled. Thanks to Coco Finance Broking, We are now in our new home with a mortgage that fits our needs perfectly. If you’re looking for someone who genuinely cares, delivers outstanding service, and gets results, look no further. Cameron is the broker you need on your side.

Frequently Asked Questions

What is the difference between using a mortgage broker like Coco Finance Broking versus going directly to a bank?

Using Coco Finance Broking offers several advantages over approaching banks directly. As brokers, we have access to products from over 40 lenders, including major banks, regional banks, credit unions, and non-bank lenders, giving you exposure to a much wider range of loan products and interest rates than any single institution can offer. We provide impartial advice as we're not tied to one lender's products, allowing us to recommend loans based purely on your needs and circumstances. Our brokers handle the application process with multiple lenders if needed, saving you time and effort. We also have established relationships with lenders' business development managers, which can help expedite applications and resolve issues. Additionally, we provide ongoing support throughout the loan process and can assist with future refinancing needs as your circumstances change.

What types of home loans are available through Coco Finance Broking?

Coco Finance Broking offers access to a comprehensive range of home loan products to suit different needs and circumstances. These include variable rate loans where the interest rate can fluctuate with market conditions, fixed rate loans that lock in your interest rate for a set period (typically 1-5 years), and split loans that combine both variable and fixed portions. We can arrange interest-only loans for investors or those requiring lower initial repayments, principal and interest loans for owner-occupiers, and construction loans for building new homes. Additionally, we have access to specialty products such as low doc loans for self-employed borrowers, bridging finance for those buying before selling, and refinancing options for existing homeowners. Investment property loans, first home buyer products, and loans for unique properties or situations are also available through our extensive lender panel.

Can Coco Finance Broking help if I have bad credit or previous financial difficulties?

Yes, Coco Finance Broking can assist clients who have experienced credit challenges or previous financial difficulties. While a poor credit history can make obtaining finance more challenging, it doesn't necessarily prevent you from securing a home loan. We work with specialist lenders who consider applications from borrowers with various credit issues, including previous defaults, bankruptcies, or late payments. Our approach involves thoroughly reviewing your current financial position, understanding the circumstances behind any credit issues, and identifying lenders who may view your application favourably. We'll help you understand what documentation may strengthen your application, such as evidence of improved financial management or explanations for past difficulties. Each situation is unique, and we'll provide honest advice about your options and likelihood of approval.

How much does it cost to use a mortgage broker from Coco Finance Broking?

At Coco Finance Broking, our mortgage broking services are provided at no upfront cost to our clients. We receive our remuneration through commissions paid by the lenders when your loan settles successfully. This commission structure means you can access our expertise, market knowledge, and lender relationships without paying broker fees directly. The commission we receive does not affect the interest rate or fees you pay on your loan, as these are set by the lender according to their standard pricing. We maintain full transparency about our commission arrangements and will always disclose how we are remunerated for any loan we recommend to you.

How much deposit do I need to buy a home, and can Coco Finance Broking help with low deposit options?

The deposit required for a home purchase typically ranges from 5% to 20% of the property's purchase price, though this can vary based on your circumstances and the lender's requirements. With a 20% deposit, you can avoid Lenders Mortgage Insurance (LMI), which is an additional cost for borrowers with smaller deposits. However, Coco Finance Broking can help you explore low deposit options if you have less than 20% saved. Some lenders offer loans with deposits as low as 5%, and there are government schemes like the First Home Guarantee that may allow eligible first-time buyers to purchase with just a 5% deposit without paying LMI. We can also explore options like using equity in existing property, gifted deposits from family members, or accessing superannuation through the First Home Super Saver Scheme to boost your deposit.

Can Coco Finance Broking assist with investment property loans on the Central Coast?

Absolutely, Coco Finance Broking specialises in investment property finance for clients looking to invest in Central Coast properties or anywhere across Australia. Investment property loans have different criteria compared to owner-occupier loans, typically requiring higher deposits (usually 10-20%) and may have slightly higher interest rates. We understand the unique aspects of investment lending, including rental income assessments, negative gearing implications, and tax considerations. Our brokers can help you structure loans optimally, whether you're purchasing your first investment property or expanding an existing portfolio. We work with lenders who actively support property investment and understand the Central Coast market dynamics. We can also assist with portfolio lending strategies if you're looking to acquire multiple properties, and provide guidance on loan structures that may offer tax advantages or improved cash flow for your investment strategy.

How long does the home loan approval process take with Coco Finance Broking?

The home loan approval timeline can vary depending on several factors, but typically ranges from 2-6 weeks from application submission to final approval. Pre-approval can often be obtained within 3-5 business days, which is valuable when house hunting as it demonstrates your borrowing capacity to vendors. The formal approval process involves property valuation, detailed document verification, and final credit assessment. Factors that can affect timing include the complexity of your financial situation, the lender's current processing volumes, property type and location, and how quickly all required documentation is provided. At Coco Finance Broking, we work diligently to expedite the process by ensuring applications are complete and accurate before submission, maintaining regular communication with lenders, and keeping you informed of progress throughout.

How does the refinancing process work with Coco Finance Broking?

Refinancing through Coco Finance Broking involves replacing your existing home loan with a new loan, potentially from a different lender, to take advantage of lower interest rates, improved features, or changed circumstances. The process begins with a comprehensive review of your current loan and financial situation to identify potential savings and improvements. We'll compare your existing loan against current market offerings from our panel of lenders, considering factors like interest rates, fees, loan features, and your future needs. If refinancing appears beneficial, we'll handle the application process, including property valuation, documentation, and liaising with both your current and new lender. The new lender typically handles the payout of your existing loan at settlement. Throughout the process, we'll keep you informed of progress and ensure the transition occurs smoothly. Many clients save thousands of dollars annually through refinancing, and we'll calculate the potential savings before proceeding.

What documents do I need to provide when applying for a home loan through Coco Finance Broking?

When applying for a home loan through Coco Finance Broking, you'll typically need to provide several key documents to support your application. These include recent payslips (usually the last two), tax returns and notice of assessments from the ATO for the past two years, bank statements for all accounts over the last three months, and identification documents such as driver's licence and passport. If you're self-employed, additional documentation like business financial statements, BAS statements, and accountant-prepared financials may be required. For the property, you'll need a sales contract or property valuation. We'll provide you with a comprehensive checklist tailored to your specific situation and lender requirements, and our team will guide you through gathering all necessary documentation efficiently.

What services does Coco Finance Broking offer to clients on the Central Coast and across Australia?

Coco Finance Broking provides comprehensive mortgage and finance solutions for clients throughout the Central Coast and across Australia. Our services include home loan applications for first-time buyers, refinancing existing mortgages, investment property loans, commercial finance, and construction loans. We work with a panel of over 40 lenders including major banks, credit unions, and non-bank lenders to find suitable finance options for your circumstances. Additionally, we offer pre-approval services, loan structuring advice, and ongoing support throughout the settlement process. Our brokers also assist with personal loans, car finance, and business lending solutions, ensuring we can address various financial needs under one roof.

Ready to get started?

Book a chat with a Finance and Mortgage Broker at Coco Finance Broking today.