Credit Specialist extends commercial loan terms to 25 years

Steve Lawrence, Executive Head of Credit-Commercial Lending
Steve Lawrence, Executive Head of Credit-Commercial Lending
MELBOURNE, Australia - Aug. 24, 2014 - PRLog -- Credit Specialist La Trobe Financial announced that it has extended the loan terms available on commercial lending products to 25 years. This includes La Trobe Financial’s commercial SMSF product.

Mr Steve Lawrence, Executive Head of Credit-Commercial Lending at La Trobe Financial stated that “the long term, P&I servicing loan profile is significant in complementing the breadth of the commercial lending program. La Trobe Financial knows that in order to be a ‘one stop shop’ for specialist commercial lending, its fundamental to be able to offer a product range covering all of the typical deals brokers see.”

The product is particularly relevant for loans relating to commercial securities intended to be held long term such as warehouses, light industrial, offices, retail shops and mixed use. La Trobe Financial is offering the 25 year term as a standard option on both its commercial SMSF loan product and on all loan products where the security is owner occupied, however Steve adds that “with this extension in place, brokers are now welcome to discuss all scenarios with us to understand our flexibility in shaping deals to meet their requirements”.

La Trobe Financial will be making further product announcements shortly.

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