OLEOLOGY is a local WA family business, owned and operated by director Paul Callaghan since 2002. OLEOLOGY is committed to creating cleaner water throughout Australia and New Zealand. The company offers advanced oil and hydrocarbon removal solutions that make recycling and decontaminating water quicker, simpler and more cost-effective.
OLEOLOGY approached broker Ryan Tripi of Westminster Finance seeking help to move out of their current rental premises in Kardinya. The business had outgrown their current office and a potential headquarters in Henderson had come onto the market presenting an incredible opportunity for the business. It offered a far superior land size, office space and storage solutions, as well as giving OLEOLOGY a property asset for their business.
Ryan’s Commercial Property Finance Solution
Ryan structured the appropriate finance solution to assist with securing the new premises in July 2019. You will now find OLEOLOGY at 50 Zedora Turn, Henderson WA 6166.
What Type Of Property Finance Was Used?
Commercial property finance was used to acquire commercial real estate for business owner-occupation.
What were the benefits of this particular finance type for OLEOLOGY?
- It assisted with funding the purchase costs of the property.
- Finance was structured to borrow as much as possible to preserve cash/working capital in the business.
- Loan repayments per month were lower than their previous rental expense.
- They gained a property asset with potential for capital growth over time.
- Taxation benefits were available (refer to your accountant for specific advice).
Who this finance type is suitable for?
Commercial property finance is suitable for trading businesses of any size (i.e. small, medium or large). This type of finance is also suitable for property investors. Primarily, the objective is to acquire a property to be used for business purposes. It can also be leveraged against the real estate asset to release equity within the property. This cash can then be used to inject working capital into the business or for any other worthwhile commercial purpose (i.e. finance inventory, equipment, tax debt).
How A Finance Broker Can Help With Commercial Property Finance
A finance broker can assist with sourcing finance for your commercial property purchase. Like was done for OLEOLOGY, a broker can ensure that you’re paired with the right lender and structure the best finance deal to suit your needs. Brokers can advise you on the necessary documentation so your application is processed more efficiently, and help to make the application process more manageable.