Commercial · CommercialX
CommercialX, owner-occupier warehouse acquisition
$3.1m, 65% LVR · Brisbane, QLD
Quick answer
SME owner acquiring the industrial warehouse the business already leased. Strong trading cashflow, full doc, but bank credit timeline did not match the vendor's contracted settlement date. Borrower needed to clear settlement to hold the property at the agreed price.
Representative deal shape · Not a specific transaction · For information only
Structure
- Registered first mortgage over the commercial property
- 65% LVR, inside the standard CommercialX envelope
- 18-month term to allow a planned refinance to a major bank facility once trading P&L cycle complete
- Serviced monthly interest, supported by tenant rent (the SME itself)
Outcome
Indicative terms same business day; settlement landed inside 12 business days. Refinanced to a major-bank commercial facility 14 months later at completion of the borrower's planned credit-cycle.
Why this shape clears
Files like this clear because the exit is documented, the security supports the position, and the timing fits a private credit file rather than a bank file. Speed is the tradeoff against rate, and on short-dated files the speed call usually wins. See the CommercialX product page for full envelope.
Related