What are the common types of fees associated with commercial property loans in Australia?

There are several common types of fees associated with commercial property loans in Australia. These fees vary depending on the lender and loan product, but here are some that you may typically encounter : Application fee: This is an upfront fee charged by the lender to process your loan application. It covers administrative costs such as credit checks and property valuations. Valuation fee: Lenders usually require a professional valuation report to determine the market value of the commercial property being used as collateral for the loa n. The borrower is responsible for making this payment. Loan documentation fee: This fee covers the costs of preparing legal documents related to your loan, including mortgage contracts, guarantees, and other paperwork required by both parties involved. Settlement fee: When your loan is approved and it's time to settle, there may be a settlement or conveyancing fee payable to cover admini stra tive expen...