All Topics / Finance / Finance for commercial properties

Viewing 4 posts - 1 through 4 (of 4 total)
  • Profile photo of LukeNealeLukeNeale
    Member
    @lukeneale
    Join Date: 2005
    Post Count: 28
    June 20, 2005 - 5:47 am

    Ive been looking around and seen some great deals both here and in NZ (mostly multi-dwellings) but apparently once there is more than 3 units on the same title, it’s considered a commercial investment. Does anyone know if I can get 80% financing for these types of deals (all cashflow positive)
    Cheers
    Luke[blink]

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    June 20, 2005 - 6:17 am

    Luke,

    In Australia it is possible depending upon the situation and the lender.

    I am not sure about NZ properties.

    Cheers,

    Simon Macks
    Finance Broker
    [email protected]
    0425 228 985

    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 LukeNealeLukeNeale
    Member
    @lukeneale
    Join Date: 2005
    Post Count: 28
    June 20, 2005 - 9:49 am

    Thanks,
    Do you know of any lenders who will even look at a NZ property of this nature with 20% down? I can put more than 20% but then my COCR diminishes. Any it becomes less intersting
    Cheers
    Luke

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493
    June 20, 2005 - 1:19 pm

    Lots of lenders in NZ will do this. You can access them from Australia if you like but it would be easier to deal with a NZ lender as they are specialists in their own rules.

    TMA

    http://www.email4money.info
    Essential Links
    First Home Buyer Website

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.