When it comes to securing finance for a commercial property investment, choosing the right financial adviser (sometimes referred to as mortgage adviser or mortgage broker) can make all the difference in getting the right commercial loan for you. With expert advice and access to a much wider range of lending providers, a financial adviser can help you navigate the complex process of obtaining a suitable commercial property loan. In this post, we’ll explore the benefits of using a financial adviser for commercial property loans in Auckland and provide tips on finding the perfect one for your needs.

The Benefits of Using a Specialist Financial Adviser for Commercial Property Funding in Auckland

Access to Exclusive Commercial Loan Deals

Financial advisers have strong relationships with various lenders, including banks and non-bank financial institutions. An investor might go to their Bank directly to ask for finance but a financial adviser can look at your application and match you with the provider who is going to be the best fit for you and your situation.   

Not only will this provide you with an appealing package, but it will also connect you with a lender whose credit policies are highly likely to secure the approval you require.  By considering a wide range of lenders, an adviser is more likely to be able to negotiate things like repayment terms you can afford and a loan structure that suits you, while benefiting from the most favourable business or commercial rates currently available.

In addition, if you have multiple investment properties, no doubt you'll want to know how best to structure your borrowing. Fortunately, a professional financial advisor can provide critical insight into how to avoid getting caught out by having one lending institution control your entire portfolio. Such a situation could leave you unable to get further finance later, extract equity when needed, or be obligated to pay down more debt than you would like to upon selling a property.

Such an adviser can guide you through these repercussions and weigh the merits of whether utilising residential equity and securing part or all of the loan against your home may provide more optimal interest rates and terms--as well as explain the risks and benefits of each course of action.

They can also help you out at rate review time to consider whether it is worth refinancing your lending to get you a more attractive offer.   

By working with a financial adviser at your time of purchase, and considering a much wider range of funding you can potentially secure better interest rates, lower fees, and more flexible terms on your commercial property loan.

Expert Finance Advice Tailored to Your Needs

Commercial finance often comes with unique requirements and considerations compared to residential mortgages. A professional mortgage adviser has extensive knowledge of the local market conditions and regulations, as well as experience dealing with complex financing structures. They can assess your individual needs and financial situation, then recommend tailored solutions that ensures you get the best outcome for your circumstances.  Put simply you'll have more options.  They also have a wide range of networks and can help you get  expert advice around the lease contract / terms if you are buying with a tenant, buying a business, need to find a specialised accountant, or need business finance or conveyancing services.

Time-Saving Convenience (You Don't Deal With Multiple Banks )

If you decide to shop around for a commercial loan on your own, searching for an ideal loan can be time-consuming and confusing and a real challenge to sift through all the options available. A mortgage adviser does most of the legwork on your behalf – from researching lenders to coordinating paperwork – which allows you to focus on other aspects of your investment strategy like finding good tenants, negotiating favourable lease terms and collecting your rent.

How to Find the Right Mortgage Adviser For Your Commercial Lending Or Property Investment

Look For An Adviser With Experience & Specialisation In Lending For Commercial Property

 When searching for an experienced adviser who specialises in funding commercial property, consider their track record and expertise within the Auckland market. Ask how long they have been in the industry and what their experience is.  You can ask for recommendations from friends or colleagues, or read online reviews.

Request a Consultation

 Before committing to a financial adviser, request an initial consultation to discuss your needs and understand their approach. This will give you an opportunity to gauge their knowledge of the Auckland commercial property market and evaluate whether they are a good fit for your investment goals.  You may want to consider if they have any specific expertise ie retail, office, industrial, mixed use, special purpose development projects etc depending on what you are looking at.

Compare Services & Fees

 In NZ Financial Advisers earn their income through commissions paid by lenders or fees charged directly to clients. Be sure to compare the services offered and fee structures of different advisers before making your decision. An adviser will need to tell you up front how they are paid and whether or not they will charge a fee so that you can make a decision about whether or not to use their services. 

Using a mortgage adviser when investing in Auckland’s commercial property market can offer numerous advantages, such as access to better rates, tailored advice, better access to credit at better terms and time-saving convenience. In short it can help you make a better decision.  By following our tips on finding the right mortgage adviser, you can confidently navigate the loan process and secure a favourable financing solution for your commercial property investment.  

For more information on mortgages, first home buyers, residential lending, business and commercial lending and related topics in New Zealand, please explore our other articles at HomeLoanStudio.co.nz.