Owner occupied practice property
Commercial space for your practice, We can help bring your vision to life.
We streamline the process of buying property for medical, dental and vet practices, with flexible options that fit your needs.
It’s important to create a practice that reflects your unique approach to patient health and wellbeing. When the time is right to invest in your own financial future, and stop paying a landlord, we help make it a reality. For approved applicants, we can lend up to 100% of the purchase price, without requiring additional security
Design and construct your ideal practice rooms from scratch
We know that sometimes the perfect building doesn’t exist in the perfect location. Medfin’s Construction Loan is for when you want to custom design a space to suit the needs of your practice and your patients.
To help with cashflow, you can access up to 12 months of interest only payments, on the loan during construction. And because your practice is more than just the building, you can combine with Medfin’s Fitout or Asset Finance to match assets to the right loan, creating the rooms you want.
Specialist commercial property loans designed for your own practice
We find the right financial solution for thousands of doctors, dentists, vets, and allied health professionals every year. When it’s time to buy a property for your practice, our finance specialists can help to make it happen.
Talk to a Medfin specialist today and we’ll get you behind the wheel faster.
Frequently asked questions
Yes, and then you’ll claim it back.
Just like buying a home, we’ll need to navigate different searches, due diligence valuations and legal requirements, so times can vary.
Medfin’s Construction Loan is designed to fund the construction of your practice with funds released in stages as each phase of the project is complete. Medfin will make progressive payments excluding GST to your Licensed Builder in line with the Building Contract. Depending on the loan amount, claims will need to be approved by you and may require a Quantity Surveyor to review the work before funds are released. The loan is Interest-Only for a maximum term of 12 months. Monthly interest repayments are calculated on the funds drawn rather than the full approved limit.
At the end of the loan term, the outstanding balance of the construction loan must be repaid. Subject to a formal application, credit assessment and approval, you may apply to refinance the outstanding balance into a new Commercial loan. An updated property valuation may be required upon project completion.
*Terms, conditions, fees and charges apply.
A quantity surveyor, or QS, is a person who calculates the amount of materials needed for building work and the total cost. They work to ensure the project stays within budget, and each stage is completed to plan. This supports both you and Medfin during the construction project.
No, you can choose your own licenced builder. However, a builder with knowledge and experience of healthcare practices and construction, may save you time and money. Experienced builders understand specific needs of your patient and staff flow, gas and water pipes, walls for imaging, and the importance of sterile spaces. And just like a specialist financier, they understand your work day, your team and your business.
Read more about Medfin Commercial Property Loan Target Market Determination.
Available for owner occupied practice property. 1. Approved customers only. 2. Provided eligibility criteria are met. 3. Other fees & charges may apply. 4. Only available on variable rate loans. 5. Only available on fixed rate.
All facilities with Medfin and National Australia Bank Limited are subject to eligibility criteria, credit assessment and approval. Terms & conditions, fees & charges apply (available upon request).
Because we do not know your personal objectives, please consider whether these products and services are appropriate for your circumstances. Before acting on any of the information on this website, please seek independent financial and tax advice.