Australia Post

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angelinsydney
Participant
@angelinsydney
Join Date: 2011
Post Count: 270
April 5, 2011 - 9:25 pm
Dear Mortgage experts,
May I ask for a little information?
Generally, just a ballpark figure, what’s the LVR for a licensed Australia Post business and freehold?
Is the LVR determined by postcode or underlying security?
Have you had experience in drawing a business loan for a LPO?
I am at a cross-road in my life. The overall picture is NOT clear in my head yet. Invest overseas? Invest interstate? Buy a business for lifestyle change? The answer to these many questions will take time and more research. Your assistance to the research bit would be greatly appreciated.
Thanking you.
Angel
Mick C
Participant
@shape
Join Date: 2010
Post Count: 1,099
April 7, 2011 - 12:16 pm
Commercial loan are a lot more complex…it’s not as simple as LVR, split loans, LMI..etc!
It’s based on
1. The financial of the current business
2. your experienced in this trade
3. Your exit strategy or business plan?
4. Having a professorial team- accountant, financial planer
5. Type of industry and use of funds
6. Time frame
7. Security
You can get LVR ranging from 40% – 110% !
My partner done a loan for some Chinese couple who bought a KFC store located in the city- LVR was given at 100% finance … because they had an extremely good backing and history + team + business plan….it was a sure winner…
3 years later- the loan was FULLY paid back 0.o …4 years faster then expected.
Sorry if it doesn;t answ your question directly but thats the way Commercial loans work
Regards
Michael
Mick C | Shape Home Loans
http://www.shapehomeloans.com.au/
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angelinsydney
Participant
@angelinsydney
Join Date: 2011
Post Count: 270
April 7, 2011 - 10:01 pm
Hi Michael,
It does answer a lot. I will keep you posted on my progress.
Thank you.
Angel
Marty McDonald
Participant
@marty-mcdonald
Join Date: 2010
Post Count: 64
April 11, 2011 - 8:53 am
Hi,
I would suggest it would work something like this…but I am not an expert here.
60%-70% of freehold value + some lenders may lend an additional say 50% ish of business value based on independent valuation which would normally be say 3 or 4 times annual profit.
If you have additiional security such as a home with equity they will want a mortgage over that as well no doubt.
Marty McDonald | Mortgage Experts
http://mortgageexpertsonline.com.au/
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