The full cost, not just the rate
Interest, lender and origination costs, and any exit costs on the existing loan, considered together rather than as a single monthly figure.
EXISTING PROPERTY DEBT
Refinance with perspective.
Look past the headline rate. Review an existing or maturing business-property loan on its full cost, its repayment profile and what settling it would actually involve.
WHAT A REFINANCE REVIEW LOOKS AT
An approaching maturity
Loans that are ending, moving to a higher revert rate or due for review, so timing is considered before a deadline forces a decision.
Payout requirements
The current payout figure, discharge steps and any conditions on the existing facility that a new loan would need to clear.
Term and principal repayment
How the term and repayment structure affect the debt still owing over time, not just the payment due each month.
PROPOSED STARTING CRITERIA (NOT LENDER APPROVAL)
- 01Completed, marketable commercial, industrial or business-secured property
- 02Core target leverage of 50–55%, with a proposed 60% outer ceiling
- 03Existing income able to support the new repayments, evidenced by records
- 04A first-mortgage position prioritised over junior or second-ranking security
- 05Initial facility focus of $1m–$5m; amounts outside this need further review
A lower repayment can still cost more overall. The comparison that matters is total cost and the debt remaining at the same future date — figures a full assessment would confirm.