Really, maybe it was the lender you went thru as many lenders understand the structure and for a good broker it is second nature.

Cheers

Yours in Finance

Hi Wan

Yes it makes sense assuming you dont require access to the cash funds.

You could always do say 100K interest only with 100K in the offset and a secondary loan split for the rest.

In saying that CBA would have to be one of the least attractive lender for such a strategy.

We do a lot of debt recycling for clients and would never use CBA…[Read more]

Hi Wan0151

I think what your Bank should have said is “We dont offer such a product”

Yes IO with offset account definitely exists and we do a number of deals each week for other investors.

Sounds to me like you a good broker to restructure the deal for you.

Cheers

Yours in Finance

Hi Dandare

I am sorry i dont agree that their is any can of worms to open up.

David has replied to your post so why not hit him up and get him to run some servicing numbers for you with both your current lender and others.

A better deal could be round the corner and your existing lender is not going to shout out and tell you.

Cheers

Yours…[Read more]

Hi TPD

Ok noted and understood. Not sure you will find any JV partner to come on board with that little skin in the game.

We do a lot of JV deals as investors but far too skinny for us.

Good luck. I am assuming there are reasons why you dont do the deal yourself with development style funding.

Cheers

Yours in Finance

Hi Tinpot

So to clarify you have the costs to acquire the site (stamp duty etc) and cover the subdivision costs but require 90% of the purchase price ?

What other security are you offering i.e 2RM on your own property etc.

Cheers

Yours in Finance

I am selling a waterfront site for 3 x 3 storey townhouses at Paradise Point on the GC as i have too many other projects closer to hand.

If it is something you are interested in prior to formally listing it next week let me know.

Cheers

Yours in Finance

If it is all the same i would prefer to deal with a Licensed Private lender with full AFCA membership rather than a broker.

Cheers

Yours in Finance

If it is all the same i would prefer to deal with a Licensed Private lender with full AFCA membership rather than a broker.

Cheers

Yours in Finance

If it is all the same i would prefer to deal with a Licensed Private lender with full AFCA membership rather than a broker.

Cheers

Yours in Finance

If it is all the same i would prefer to deal with a Licensed Private lender with full AFCA membership rather than a broker.

Cheers

Yours in Finance

If it is all the same i would prefer to deal with a Licensed Private lender with full AFCA membership rather than a broker.

Cheers

Yours in Finance

No not true on that combined income.

Cheers

Yours in Finance

Hi Wan

I think you are confused as there is very little difference between lenders when it comes to servicing post Royal Commission.

Credit Unions and Building Societies are often more restrictive than more traditional lenders.

You are better off get the loan structure set up correctly from day 1 to give you flexibility down the…[Read more]

Hi Quyen

Yes sure is.

Flick me an email at [email protected] with some details and i can have one of our BDM’s come back to you with some specs of the product.

Cheers

Yours in Finance

This is incorrect. All properties are sold either via Auction or Private Treaty.

Cheers

Yours in Finance

As i mentioned you will need to look regularly at the various Receivers website.

Cheers

Yours in Finance

Not sure where you are looking for Receiver sales, We took one to Auction last week in Vic. Cor Cordis were appointed and was sold on the day with multiple bidders. Each Receiver has their own listings and most are available listed on their website.

Trust me if you have $2M in cash you are in the mix with many other developers, investors…[Read more]

As a Private Lender we sell a number of properties thru Sheriff Auctions or Receivership sales.

All Sales are sold by way of Auction so being a cash buyer wont help you as all contracts at Auction are cash sales.

Rather than buy the property itself you could always look to assign the mortgage and that way you take over the debt and can maximise…[Read more]

We are a private lender based in Brisbane and specialise in development funding.

Course lvr, rates etc will depend on a number of factors but i can certainly get one of our BDM’s to touch base with you when you have your first deal scenario.

Cheers

Yours in Finance