All Topics / Overseas Deals / Hotel apartments complex. For finance ,are these classed as “property” or “business” finance.

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  • Profile photo of gocoastalgocoastal
    Member
    @gocoastal
    Join Date: 2007
    Post Count: 14
    May 30, 2008 - 8:34 pm

    I am really interested in purchasing a proven hotel in South America, which has 14 rooms/suites in total.. Now , to get the remainder of finance for this, would this be classified as a property investment or business loan.? any help much appreciated.thx

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    May 31, 2008 - 1:12 am

    CG

    Certainly wont be financing it from any financier in Oz so whether it is classifed as a property or business loan is neither here nor there.

    My suggestion would be to approach a couple of SA brokers and see what they say.

    Richard Taylor | Australia's leading private lender

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