5.0 from 33 Reviews
When you first took out your commercial loan, the rate and structure made sense for where your business was at the time. But businesses change, markets shift, and what worked two or three years ago may no longer be the right fit today. A commercial loan refinance gives you the opportunity to reassess your current lending arrangement and explore whether there is a more suitable option available to you now.
At Balcombe Financial, we work with business owners and commercial property investors across Bayside, Victoria and throughout Australia to review their existing lending and identify whether a commercial loan refinance could deliver a better outcome. Whether you are looking to reduce your repayments, release equity from your property, consolidate debt, or simply access a more competitive commercial rate, we take the time to understand your situation before recommending any course of action.
Why Business Owners Consider a Commercial Refinance
There are many reasons why a business owner might look at a commercial refinance. One of the most common is the desire to reduce commercial interest rates. If your loan was written during a period of higher rates, or if your business has grown and your risk profile has improved, there is a real possibility that a lower rate is available to you through a different lender or product. Even a modest reduction in your commercial interest rate can translate into meaningful savings over the life of a loan.
Another common motivation is the need to improve cash flow. By restructuring your commercial loan or extending the loan term, it may be possible to reduce your monthly repayments and free up working capital for other parts of your business. This kind of commercial loan restructure can make a significant difference to day-to-day operations, particularly for businesses that are growing or managing seasonal fluctuations in revenue.
Some clients come to us wanting to release commercial equity that has built up in their property over time. A commercial equity release or commercial cash out can provide funds for business expansion, purchasing additional assets, or other strategic purposes. Others are looking to consolidate commercial debt, bringing multiple facilities together under one arrangement to simplify their finances and potentially reduce the overall cost of borrowing.
What the Refinance Process Involves
A commercial loan review starts with understanding your current position. That means looking at your existing loan terms, your current rate, the remaining loan term, and the value of the security property. A commercial valuation will typically be required as part of any refinance, and your commercial LVR (loan to value ratio) will play a role in determining what options are available to you.
It is also important to consider the costs involved in switching. Commercial refinance costs can include discharge fees, break costs on fixed rate loans, and establishment fees with a new lender. At Balcombe Financial, we help you weigh these costs against the potential savings so you can make an informed decision. We work with a broad panel of lenders, including non-bank commercial lenders, which means we can often find options that the major banks may not offer.
If you hold a commercial property loan or are considering your options as a self-employed borrower, the lending landscape for commercial finance is quite different from residential lending. Policies vary significantly between lenders, and having a commercial mortgage broker in your corner who understands those differences can save you considerable time and frustration.
Working with Balcombe Financial
Balcombe Financial is a commercial refinance specialist that takes a personalised approach to every client. We do not believe in one-size-fits-all solutions. Instead, we take the time to understand your business, your property, and your financial goals before presenting options that are genuinely relevant to your circumstances. Our role is to do the research, handle the lender conversations, and present you with a clear picture of what is available.
We also work with clients who are exploring business loans or investment loans alongside their commercial refinance, helping to ensure that all parts of their lending portfolio are working together efficiently. Whether you are a small business owner, a commercial property investor, or a company with a more complex lending structure, Balcombe Financial has the knowledge and lender relationships to help you explore your options with confidence.
Step 1: Initial Conversation
We start with a relaxed, no-obligation chat to understand your situation, your goals, and what you're looking to achieve. No paperwork, no pressure.
Step 2: Fact Find & Assessment
We take a closer look at your finances, including income, expenses, assets and liabilities, so we can understand your borrowing position and tailor our approach accordingly.
Step 3: Loan Strategy & Lender Selection
Drawing on our panel of over 40 lenders, we identify the most suitable options for your circumstances and present you with clear, comparable recommendations.
Step 4: Application Preparation
Once you're happy with the direction, we prepare and package your application thoroughly, making sure everything is in order before anything is submitted to a lender.
Step 5: Lodgement & Approval
We lodge your application and manage the process with the lender from start to finish, keeping you updated along the way so you're never left wondering what's happening.
Step 6: Formal Approval & Signing
Once your loan is formally approved, we walk you through the loan documents so you understand exactly what you're signing and what comes next.
Step 7: Settlement & Beyond
We stay with you through to settlement and beyond. Whether you have questions down the track or your circumstances change, we're always here to help.
Balcombe Financial has been absolutely helpful throughout the process of my construction loan. Amazingly proffesional and responsive. Michael is full of knowledge and knows his proffesion very well. Would highly recommend Balcombe Financial. Thank you Michael.
James O'Haire
We were extremely happy with the service and outcomes provided by Michael Flinos and Balcombe Financial. Michael gave us confidence early in the process as he worked with us to understand the complexity of our portfolio of loans. Michael then found solutions that best suited our needs, provided considerable savings and improved our flexibility. We are thrilled with the refinancing outcomes Michael enabled us to achieve and are we pleased to have Balcombe Financial as one of our trusted advisors. In addition to the excellent outcomes Michael was great to work with and helped us maintain momentum when the other challenges of life distracted us. In our next project with Balcombe Financial Michael is assisting us with a new project and our overall financing strategy. Very professional, client focussed, easy to work with and highly recommended.
Andrew O'Brien
Michael was fantastic to deal with and got my complicated financials sorted out and finance approved without any fuss. Would highly recommend.
Terry Wheeler
I have known Michael Flinos for more than a decade. Michael is a true Professional who is an authentic, subject matter expert in his domain and has great knowledge in the Financial services space and is extremely thorough and diligent. In all my dealings with Michael, I have been impressed with his knowledge, his ability to research products which are fit for purpose and his can do nature. He has a friendly and polite demeanor and is always prepared to go the extra nine yards to get the job done. I would not hesitate to recommend Michael's services to anyone who is looking for a commercially compelling solution to their requirements.
Bill Keramidas
The timeframe for a home loan application can vary depending on the lender, the complexity of your situation, and how quickly supporting documents are provided. In general, once a formal application is submitted, lenders may take anywhere from a few days to a few weeks to assess and provide a decision. At Balcombe Financial, we work to keep the process moving as efficiently as possible by preparing your application thoroughly from the start and staying in regular contact with the lender on your behalf. We will keep you updated throughout the process so you always know where things stand and what to expect next.
Absolutely. Buying your first home is one of the biggest financial decisions you will ever make, and it can feel overwhelming when you are not sure where to start. At Balcombe Financial, we work with first home buyers regularly and understand the questions and concerns that come with the process. We take the time to explain how home loans work, what to expect at each stage, and what government grants or schemes you may be eligible to explore. We do not make assumptions about what you already know, and we are always happy to answer questions no matter how basic they may seem. Our aim is to make sure you feel prepared and supported.
A mortgage broker acts as the link between you and a range of lenders, including banks, credit unions, and non-bank lenders. Rather than you having to approach each lender individually, a mortgage broker does the legwork on your behalf. At Balcombe Financial, we take the time to understand your personal situation, your goals, and your financial position before researching loan options that may suit your needs. We handle the paperwork, communicate with lenders, and guide you through each step of the process. Our role is to make the home loan process more manageable and to help you feel informed and confident at every stage.
While the exact documents required can vary depending on your situation and the lender, there are some common items that most applications will require. These typically include proof of identity such as a passport or driver's licence, recent payslips or tax returns to confirm your income, bank statements showing your savings and expenses, and details of any existing debts or liabilities. If you are self-employed, you may need to provide additional documentation such as business financial statements or tax assessments. At Balcombe Financial, we will walk you through exactly what is needed for your specific application so you can gather everything in an organised way and avoid unnecessary delays.
Balcombe Financial assists clients with a broad range of lending needs. This includes home loans for owner-occupiers, investment property loans, refinancing existing loans, construction loans, and loans for self-employed individuals. We also assist with commercial lending for business owners. Whether you are purchasing your first home, looking to grow a property portfolio, or exploring options for your business, we can help you understand what may be available to you. Every client's situation is different, so we always start with a conversation to understand your specific needs before exploring what options might be worth considering.
When you go directly to a bank, you only see the products that particular bank offers. At Balcombe Financial, we work with a wide range of lenders, which means we can present you with a broader selection of loan options to compare. We take the time to understand your circumstances and help you weigh up your choices in a way that makes sense for your situation. Beyond that, we handle much of the communication and administration involved in applying for a loan, which can save you a significant amount of time and effort. Our goal is to make sure you feel supported and well-informed throughout the entire process.
Not at all. While Balcombe Financial is based in Bayside, Victoria, we work with clients right across Australia. Thanks to phone, email, and video calls, we are able to provide the same level of personalised service to clients regardless of where they are located. Whether you are in regional Victoria, interstate, or anywhere else in the country, we are well-equipped to assist you with your lending needs. We believe that access to quality mortgage broking support should not be limited by geography, and we are committed to making ourselves available and accessible to clients no matter where they call home.
Refinancing means replacing your existing home loan with a new one, either with your current lender or a different one. People refinance for a variety of reasons, such as looking for a loan with different features, consolidating debt, or accessing equity in their property for renovations or other purposes. Whether refinancing makes sense for your situation depends on a number of factors, including your current loan terms, any fees involved in switching, and your financial goals. At Balcombe Financial, we can help you review your current loan and compare it against other options so you can make an informed decision. We will always be upfront about the costs and considerations involved.
A fixed rate home loan locks in your repayment amount for a set period, which means your repayments stay the same regardless of any changes in the broader lending environment during that time. This can make budgeting more predictable. A variable rate loan, on the other hand, can change over time in line with lender decisions, which means your repayments may go up or down. Some loans also offer a split option, where part of your loan is fixed and part is variable. Each option has its own advantages and trade-offs depending on your circumstances and priorities. At Balcombe Financial, we can help you understand the differences and think through which structure may suit your needs.
In most cases, our mortgage broking service comes at no direct cost to you as the client. Balcombe Financial is typically paid a commission by the lender once your loan settles. We are required by law to be transparent about how we are paid, and we will always disclose this information to you clearly before you proceed. This means you can access our knowledge, support, and lender connections without paying out of pocket for the service. If there are any situations where a fee may apply, we will always discuss this with you upfront so there are no surprises along the way.
If you have not had a commercial rate review in the past year or two, now is a good time to take a closer look. Balcombe Financial is here to help you understand your options and find a structure that suits where your business is headed.
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