Finty
ORDE Financial

ORDE Financial Commercial Lease Doc Prime

Commercial property

The ORDE Commercial Lease Doc Prime product caters to both owner-occupiers and investors seeking to purchase, refinance or release equity from commercial real estate. With income verification supported by lease documentation, ORDE provides a streamlined solution for customers with strong tenant-backed income to help meet their long-term objectives.

Written byDavid Boyd
Interest rate a year, from
7.89%
Establishment fee
Not published
Monthly fee
Not published
Borrow
$100,000 to $5,000,000

Monthly repayment

$100,000 over 5 years

Apply now

What it would cost

At the lowest published rate of 7.89%. The rate you are offered depends on your business, and the establishment fee is not included.

Monthly repayment
$2,022
Total repayments
$121,343
Interest
$21,343

Loan details

Rates

Interest rate (a year)
7.89%–8.89%
Rate type
Variable
Security
Not published
Type of finance
Commercial property

Limits and fees

Loan amount
$100,000 to $5,000,000
Loan term
Not published
Establishment fee
Not published
Monthly fee
Not published

How it compares

Against the other business loans we compare. Typical means the middle half of them.

Comparison rate

8.16%

From 8.16%. A typical loan starts at 8.28%.

Most you can borrow

$5,000,000

Typically you can borrow up to $4,000,000.

Pros and cons

Pros

  • A lower starting rate. Its comparison rate starts at 8.16%, below the typical 8.28%, and the comparison rate counts the standard fees too, so it's a fair guide to a lower overall cost.
  • Room to borrow more. Up to $5,000,000, more than the typical $4,000,000, which can cover bigger costs in one loan.
  • Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
  • Redraw. You can take back extra repayments later if you need the money.

Cons

  • Your rate isn't known until you apply. It's set by your credit history and finances, anywhere from 7.89% to 8.89%, and only some people get the starting rate.
  • A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.
  • An early repayment fee. Paying the loan off early or refinancing can cost a fee, which cuts into what you save by repaying sooner.

Similar loans

Business loans of the same kind from other lenders that start at a similar interest rate.