Business loans & working capital
Assessed on how you trade, not only on what you own
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Business
Commercial real estate finance
Owner-occupied, investment and development, underwritten on the asset
Overview
Finance for office, industrial, retail and multifamily property — whether you are buying premises to trade from, building an investment portfolio, or developing a site for sale.
We underwrite on the property, the strength of the tenants and your track record. Construction loans draw down against an independent inspector’s draw report.
Why HBI
A bank that reads your interim financial statements
Business banking at HBI starts from how you trade. We look at cash conversion, customer quality and the people running the business, not only at what could be pledged as security.
From the Growth tier upward you deal with a named banker who knows your file. They have a direct line and a published response time, and they stay with the relationship as the business grows.
What you get
Everything that is included
The full list, not the highlights. If something is not here, it is not included.
Features
- Owner-occupied finance up to 90% where the business occupies the premises
- Investment real estate finance up to 75% loan to value
- Development finance up to 65% of gross development value
- Interest-only periods of up to 24 months during lease-up or construction
- Portfolio facilities secured across multiple properties under one loan agreement
- Fixed or floating rates, quoted side by side
What you need to qualify
- An appraisal by an independent licensed appraiser, and an environmental report
- Three years of financial statements for the borrowing entity
- Signed leases and a rent roll for investment property
- For development: approved plans, a cost review and a fixed-price construction contract
Not sure you qualify?Speak to a banker before applying. A conversation costs nothing and does not touch your credit report.
Calculator
Work out the repayment first
Change the amount, the term or the rate and the three figures update as you type.
How it works
Three steps, start to finish
What happens, in what order, and roughly how long each part takes.
Indicative terms
Send the property details, leases and financials for indicative terms within three business days.
Valuation and credit
We order the appraisal and take the application to credit. Allow two to four weeks.
Closing and funding
The mortgage is recorded at closing and funds are released, in stages for construction.
Good to know
How we look after you
Three commitments that apply to every business product, this one included.
Controls come switched on
Dual authorization, account verification and user permissions are the default on business profiles. You choose to relax them; you do not have to remember to add them.
Your data feeds your books
Daily statement feeds run to QuickBooks, Xero and NetSuite, and reconciliation files are available for anything else, so month end starts from matched figures.
Decisions come with reasons
When we decline or reduce a facility we explain why and what would change the answer, so the next application is a better one.
Questions
Questions clients actually ask
If yours is not here, a banker will answer it directly.
Up to 90% where your business occupies the premises, up to 75% for leased investment property, and up to 65% of gross development value for development.
Yes, at a lower loan to value and usually with an interest-only period while you lease it. Pricing reflects the leasing risk.
In stages against an independent inspector’s draw report. Funds are released within 48 hours of the inspection.
Yes. Both are common. We verify beneficial ownership and typically require a guarantee from the principals.
Related
You may also want
Products clients commonly hold alongside this one.
Structured & project finance
Funding assets on the cash flows they will generate
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Mortgages
From 3% down, with the rate and the closing costs set out before you sign
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Business
Ready to take this further?
Apply online in about ten minutes, or ask a banker to call you at a time that suits.