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Hotel apartments complex. For finance ,are these classed as "property" or "business" finance.

gocoastal's picture

Submitted by gocoastal on May 31, 2008 - 7:34am.

Joined: 16/11/2007

I am really interested in purchasing a proven hotel in South America, which has 14 rooms/suites in total.. Now , to get the remainder of finance for this, would this be classified as a property investment or business loan.? any help much appreciated.thx



Qlds007's picture

May 31, 2008 - 12:12pm

Joined: 23/08/2003

CG

Certainly wont be financing it from any financier in Oz so whether it is classifed as a property or business loan is neither here nor there.

My suggestion would be to approach a couple of SA brokers and see what they say.

Cheers

Yours in Finance
Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
www.tayloredfinancialsolutions.com.au
richard@tayloredfinancialsolutions.com.au.
Lodoc loans from 7.14%


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