All Topics / The Treasure Chest / Wrap in Industrial zoning

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of PB2PB2
    Member
    @pb2
    Join Date: 2002
    Post Count: 3
    September 23, 2003 - 11:17 am

    I have a wrap client who is dead keen on a property that is zoned industrial

    Its purchase price is around $130K
    I am targting a $20K margin and a 2% spread

    We both have agreed to do a short term wrap deal (5 years) then the client can get traditional finance

    what are the implications with Industrial zoning?

    are there any financiers out there that are interested in helping me get this deal across the line?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    September 23, 2003 - 12:34 pm

    For something like this you would probably have to put up at least a 30% deposit, this will reduce your COC return a fair bit. Another problem is for the wrappee getting finance to cash you out. they will also need at least 30% equity. It may be better to let this one slide and concentrate on the easy deals (my opinion only).

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

The topic ‘Wrap in Industrial zoning’ is closed to new replies.