Industrial properties area unit usually classified underneath URA as lightweight industrial buildings, General Industrial buildings, Special industrial buildings and warehouses. they’re usually classified underneath B1, lightweight industrial activity and B2 that permits for higher levels of pollution.
There area unit sorts|many sorts|many varieties} of commercial property types, such as: –
personal industrial properties
HDB industrial properties
JTC industrial properties
Different industrial properties comes with leases of Freehold and leaseholds. landed estate industrial properties usually comes in ninety nine years, sixty years and additional recently even thirty years lease.
There area unit two ways in which to shop for associate Industrial property loan: –
As Individual; or
For buying underneath name, usually it’ll be underneath personal Ltd. and there area unit two distinctions: –
shopping for for business own use; or
shopping for underneath investment company for rental functions
The companies can got to have money statements and proof of profit to qualify for a loan.
For buying underneath investment company, administrators or majority shareholders can got to be assessed for Total Debt sexual union magnitude relation (TDSR). this can be wherever it gets difficult as several business folks tend to possess multiple holdings of properties. thus the requirement for debt restructuring becomes necessary. iCompareLoan mortgage consultants will assist to assess your overall debt state of affairs and devise ways in which to form suggestions for enhancements.