La Trobe Financial has extended the loan terms available on commercial lending products to 25 years.
This includes La Trobe Financial’s commercial SMSF product.
Commercial loan terms previously extended to five years.
La Trobe said its commercial 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.
“The long-term, principal-and-interest servicing loan profile is significant in complementing the breadth of the commercial lending program,” according to Steve Lawrence, executive head of credit-commercial lending.
“La Trobe Financial knows that in order to be a one-stop shop for specialist commercial lending, it’s fundamental to be able to offer a product range covering all of the typical deals brokers see.”
[Related: La Trobe pays AFG bonus]