How commercial property refinancing works in Australia
A commercial property refinance replaces one facility with a better one: sharper pricing, better terms, equity release, or an exit from a lender that no longer fits. In 2026, with private credit tightening and the cash rate holding at 4.35%, it is one of the busiest corners of commercial lending.
- The rate no longer matches the risk. Facilities written with non-bank or private lenders in tighter times often price well above what a seasoned borrower can obtain today.
- The lender is retreating. With regulators flagging stress in private credit and some property-credit funds gating redemptions in 2026, borrowers are moving to more stable funding before they are pushed.
- Equity has built up. Releasing equity against a commercial property can fund the next purchase, working capital or an ATO payout.
- The structure changed. Lease expiries, new tenants, an SMSF involved, or a business restructure can all justify refinancing to a facility that fits the new picture.
Commercial refinance credit decisions turn on the security and the servicing: the property's value and type, the loan-to-value ratio sought, lease income and tenant quality where relevant, the borrower's income or business financials, and conduct on the existing facility. Strong, clean deals in the $1m to $10m range remain very fundable in 2026, at banks for the cleanest profiles and across non-banks for the rest.
Broker review of the existing facility and goals, indicative options from matched lenders, valuation, credit approval, documentation, and settlement paying out the old facility. Timelines vary with valuation and lender queues; well-prepared deals move in weeks, not months.
If you are a borrower: this site serves finance professionals; speak to a licensed commercial finance broker about your situation. If you are a broker: the borrowers described above are exactly who our commercial refinance deal flow delivers.