All Topics / Help Needed! / LVR ON COMMERCIAL PROPERTY

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  • Profile photo of CRUSADER1CRUSADER1
    Participant
    @crusader1
    Join Date: 2004
    Post Count: 19
    August 26, 2004 - 2:45 pm

    I HAVE A COMMERCIAL PROPERTY IN PERTH CBD (LEASED OFFICE).
    I AM LOOKING TO REFINANCE. MY PRESENT BANK WILL ONLY FINANCE UP TO 60% @ 7.5% INTEREST.CAN YOU RECOMMEND A BETTER DEAL?
    HS

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    August 26, 2004 - 10:04 pm

    70 -75% may be possible. More if you have equity elsewhere.

    You need to use a broker.

    Cheers,

    Simon Macks
    Mortgage Broker
    http://www.mortgagehunter.com.au
    0425 228 985

    NODOC Loan – 65% Loan – No questions asked!

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of thecrestthecrest
    Participant
    @thecrest
    Join Date: 2004
    Post Count: 992
    August 28, 2004 - 1:43 pm

    Hi Heinz Sander
    I understand that if you use a residential property as security for the purchase of commercial property, you can get a residential loan with res rates. St george offered it to me within the last 3 months. PM me if you need more details, the dragon doesn’t pay me enough (like zero) to plug them like this. [biggrin]
    cheers
    thecrest

    thecrest | Tony Neale - Statewide Motel Brokers
    http://www.statewidemotelbrokers.com.au
    Email Me | Phone Me

    selling motels in NSW

Viewing 3 posts - 1 through 3 (of 3 total)

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