PropertyInvesting.com | treborsuj | Activity https://www.propertyinvesting.com/members/treborsuj/activity/ Activity feed for treborsuj. Thu, 16 Apr 2026 10:16:56 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 1ac1f5124dcca484ef11952e35e63fd9 treborsuj replied to the topic Can not get a $300k loan on my $3M rural property that i own outright in the forum Yes all sorted on those https://www.propertyinvesting.com/topic/4401504-can-not-get-a-300k-loan-on-my-3m-rural-property-that-i-own-outright/page/2/#post-4634083 Wed, 10 Nov 2010 03:22:37 +0000 Yes all sorted on those issues. We have a very good solicitor who seems to have covered every conceivable scenario and what needs to be put in place before it arises.

6.54% – better than the ones we were either rejected from or would only give $100k.

We also got approval from BCU (Bananacoast Credit Union) but it was at 8.34% so we are going with RAMS

]]> 57d454d3091c28fca1fa87f7ce457d87 treborsuj replied to the topic Can not get a $300k loan on my $3M rural property that i own outright in the forum Help Needed! https://www.propertyinvesting.com/topic/4401504-can-not-get-a-300k-loan-on-my-3m-rural-property-that-i-own-outright/page/2/#post-4634079 Tue, 09 Nov 2010 06:03:42 +0000 For anyone that still viewing this topic…..WE JUST RECEIVED AN UNCONDITIONAL APPROVAL FOR $300000 from RAMS.

We approached RAMS. Luckily I was put straight through to Craig Green, a RAMS Lending Manager (ph: 0405 762 749) based in Sydney. He was the first person to think outside the square. He suggested I put my Daugher and Son-in-Law on the…[Read more]

]]> fe8326519592586dc02dbb5a54fd64db treborsuj replied to the topic Can not get a $300k loan on $3M rural property I own outright in the forum Sorry Richard, I meant the https://www.propertyinvesting.com/topic/4401503-can-not-get-a-300k-loan-on-3m-rural-property-i-own-outright/#post-4634055 Sun, 24 Oct 2010 04:38:47 +0000 Sorry Richard, I meant the “borrower” would explore all possibilities of lower interest before agreeing to the higher interest, who would inevitably be “the lender of last resort”.

]]> 7721612e98330ce46f416ea988027bd5 treborsuj replied to the topic Can not get a $300k loan on $3M rural property I own outright in the forum Finance https://www.propertyinvesting.com/topic/4401503-can-not-get-a-300k-loan-on-3m-rural-property-i-own-outright/#post-4634054 Sun, 24 Oct 2010 04:37:42 +0000 Qlds007 wrote:
I know Linar has answered this post in the other Forum and i agree with his comments.With 6 previous Credit entries on your file now i think the chance of obtaining a loan other than thru Private FInance is slim.I can think of one lender who may have considered it from day 1 but they certainly wouldnt now as they are not a lender…[Read more]

]]> 9481fb2e1b761658604b229d22ab39c6 treborsuj replied to the topic Can not get a $300k loan on my $3M rural property that i own outright in the forum Help Needed! https://www.propertyinvesting.com/topic/4401504-can-not-get-a-300k-loan-on-my-3m-rural-property-that-i-own-outright/#post-4634073 Sat, 16 Oct 2010 21:37:25 +0000 @ Dean, we looked a subdivision but Byron Council will not even consider it as they want to retain the rural beauty of the area. Will have a look at guarantor option.

@v8ghia – haven’t tried CBA or NAB. Might have a look but we’re leaning more towards Stacks at the moment.

Thankyou all for great suggestions and support.

]]> 89e1a4206be284293438635afdbd7e08 treborsuj replied to the topic Can not get a $300k loan on my $3M rural property that i own outright in the forum Help Needed! https://www.propertyinvesting.com/topic/4401504-can-not-get-a-300k-loan-on-my-3m-rural-property-that-i-own-outright/#post-4634069 Fri, 15 Oct 2010 22:43:56 +0000 Terryw – Stacks are the ones that have approved $300k,, it’s just the 10.75% I’m trying to beat.

]]> d63374639a7f6149332288798c3a6259 treborsuj replied to the topic Can not get a $300k loan on my $3M rural property that i own outright in the forum Help Needed! https://www.propertyinvesting.com/topic/4401504-can-not-get-a-300k-loan-on-my-3m-rural-property-that-i-own-outright/#post-4634066 Fri, 15 Oct 2010 20:32:05 +0000 The bank won’t lend because of the macadamia nuts (commercial risk in their eyes).

To cut a long story short, we bought the property (with not mortgage) for $1.7m two years ago from money I had made doing a few small property developments in Sydney. We were very new to the industry and the farm was extremely run down when we bought it. Our…[Read more]

]]> a5a8d945e6d921a00021063ef359ba6a treborsuj replied to the topic Can not get a $300k loan on my $3M rural property that i own outright in the forum Help Needed! https://www.propertyinvesting.com/topic/4401504-can-not-get-a-300k-loan-on-my-3m-rural-property-that-i-own-outright/#post-4634061 Fri, 15 Oct 2010 10:36:52 +0000 @ Linar, WOW! 15%! That makes me feel much better. Thank you!

]]> b10bd9f2f0fa1bea1fc92cd0972b8471 treborsuj replied to the topic Can not get a $300k loan on $3M rural property I own outright in the forum Finance https://www.propertyinvesting.com/topic/4401503-can-not-get-a-300k-loan-on-3m-rural-property-i-own-outright/#post-4634050 Fri, 15 Oct 2010 07:48:12 +0000 Good advice. Thank you Gibbo1. Just one question, how do potential lenders know that I have applied and been rejected?

]]> b8f5e1aa4bb5bba5ac40ed58d0c9774a treborsuj replied to the topic Can not get a $300k loan on $3M rural property I own outright in the forum Finance https://www.propertyinvesting.com/topic/4401503-can-not-get-a-300k-loan-on-3m-rural-property-i-own-outright/#post-4634048 Fri, 15 Oct 2010 06:18:27 +0000 As I said on the other post, I failed to mention that I only want a loan of $300k.

]]> 4175d1c38de0ab4bdd307845bbd22374 treborsuj replied to the topic Can not get a $300k loan on my $3M rural property that i own outright in the forum Help Needed! https://www.propertyinvesting.com/topic/4401504-can-not-get-a-300k-loan-on-my-3m-rural-property-that-i-own-outright/#post-4634059 Fri, 15 Oct 2010 06:13:42 +0000 I just read my post (which I will edit now) and I failed to mention that I only want to borrow $300,000.

Like I said, I’m new to the forum.

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