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msyooi

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    msyooi replied to the topic Loan for commercial property in the forum Finance 9 years, 1 month ago

    The property is a child care centre with a good reputation and a long waiting list.
    Building area around 900sqm and land is around 2300sqm.
    It is located next to a main road with AMF Bowling, McDonald, Big W and Woolly across the road.
    The current rental is $270k + GST + outgoings. Asking price is $3.4M.
    What do you guys think?

  • Profile picture of msyooi

    msyooi started the topic Loan for commercial property in the forum Finance 9 years, 1 month ago

    Hi Guys,

    I am new here. My wife and I are both doctors. Our combined annual gross income is around $750k. We have found a commercial property with a solid tenant and 12 years remaining on current lease and 2x 10 years renewal options after that. We are looking for a mortgage broker to help with the finance. What is the maximum LTV ratio we can…[Read more]

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    msyooi became a registered member 9 years, 1 month ago

msyooi

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