Commercial property
Own your medical suites, bring certainty to your practice and your patients – Avant Finance can help.
Borrow up to 100% of a property’s value*
Owning your consulting rooms gives you the benefit of a proven property asset, the flexibility to design your suites to your own specifications, plus opportunities to generate passive income, all while providing certainty of tenure for your practice and your patients.
An Avant commercial property loan is tailor-made for medical professionals, allowing doctors to borrow up to 100% of a property’s purchase price, without the need for additional security*.
It makes a commercial property loan a flexible financial tool to strengthen your practice and your investment portfolio.
How does a commercial property loan work?
A commercial property loan works in much the same way as a residential mortgage.
A key point of difference for doctors taking out an Avant commercial property loan, is that you could potentially borrow up to 100% of the property’s value, without the need to provide an initial deposit or other collateral*.
The loan is repaid over a set term of up to 30 years, and in many cases, there can be very little difference between loan versus lease repayments.
What is different, is that unlike leasing, Avant’s commercial property loan allows doctors to build equity in the practice premises, to steadily grow personal wealth over time.
Along the way, the interest payments on a commercial property loan may be tax deductible (always check this with your tax professional), making owning your practice premises highly tax-effective and cashflow-friendly.
No deposit required
Doctors can borrow up to 100% of the property’s value without the need to pay a deposit or provide other security of collateral*.
The term to suit you
The flexibility to select the loan term that suits your practice needs and cashflow. Maximum loan term is 30 years.
Competitive rates
Choose from Avant’s suite of competitively priced commercial property loans for doctors, or let us source a great rate through our lender partners.
Flexible payment options
Choose from principal plus interest or interest-only repayments. The option to pay interest in advance may be available with interest-only payments.
Buy premises with partners
Avant offers an attractive incentive for partners as the commercial property loan is only over your share of the property.
Certainty and security
A commercial property loan lets you own your rooms, providing certainty and security for you, your team and your patients.
Why partner with Avant?
Avant only works with medical professionals.
So, we understand your needs and the importance of delivering a timely service and providing bespoke finance solutions tailored to you and your practice.
Additionally, not only do we broker commercial property loans, but we also offer our own Avant commercial property loans, allowing doctors to obtain the best solution from a single provider.
These benefits of speed, flexibility and tailored solutions help you focus on your patients, while we support your practice grow.
Your borrowing capacity depends on a variety of factors. Avant’s team of commercial property loan specialists can explain exactly how much you can borrow to buy your medical premises.
Choose from principal plus interest or interest-only repayments.
If you opt for a fixed rather than variable rate, the option to make interest-only repayments in advance may be available.
Yes – Avant offers an attractive incentive for partners as the loan is only over your share of the property.
Many doctors who take out an Avant Commercial Property Loan choose to sublet part of the premises to another medical professional.
An orthopaedic surgeon, for instance, may choose to lease consulting rooms to a physiotherapist thereby providing a more holistic service to patients while earning a passive income stream.
Doctors often choose to invest in their medical premises through their SMSF. This adds diversification to the fund’s portfolio, and the low tax rates that apply to superannuation can make a commercial property loan even more tax-effective.
Different lending criteria may apply if you prefer to own medical premises through a SMSF.
GST of 10% is normally payable on commercial properties. However, stamp duty may not apply depending on the location of the property.
Commercial properties in NSW[1] and South Australia[2] are exempt from purchaser duty. In the ACT, stamp duty does not apply to commercial properties with a dutiable value of $1.8 million or less[3].
Articles
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[1] https://www.revenue.nsw.gov.au/taxes-duties-levies-royalties/transfer-duty/surcharge-purchaser-duty/exemptions-and-concessions/commercial-residential
[2] https://www.revenuesa.sa.gov.au/stampduty/real-property-land
[3] https://www.revenue.act.gov.au/duties/conveyance-duty#:~:text=From%201%20July%202023%2C%20commercial,will%20pay%20no%20conveyance%20duty.
Disclaimers
*Eligibility criteria, terms and conditions, fees and charges apply. Contact us for further details.
