All Topics / Commercial Property / commercial loans – best rates?

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  • Profile photo of thecrestthecrest
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    @thecrest
    Join Date: 2004
    Post Count: 996
    February 5, 2014 - 2:53 pm

    RBA held rates again, is another cut possible ?

    thecrest | Tony Neale - Tourism Brokers
    http://www.tourismbrokers.com.au
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    selling motels in NSW

    Profile photo of Alistair PerryAlistair Perry
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    @aperry
    Join Date: 2004
    Post Count: 891
    February 5, 2014 - 11:11 pm

    CBA rate specials, mentioned above, have been extended to the end of this month.

    Profile photo of VijayGopinathVijayGopinath
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    @vijaygopinath
    Join Date: 2008
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    February 8, 2014 - 6:02 pm

    i just think most people dont seem to understand that the fees and charges can equal .5-1% extra on the true cost.

    Profile photo of PropertyGutsPropertyGuts
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    @propertyguts
    Join Date: 2010
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    February 12, 2014 - 10:03 am

    Context is everything. Are we comparing apples with oranges?

    It would be useful if commentators could also include with the interest rate; fixed/flexible/IO? type sort of security offered (resi, units, retail, office etc)? LVR? and broker/bank fees?  

    Profile photo of thecrestthecrest
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    @thecrest
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    March 6, 2014 - 4:58 am

    CBA IO loan $750K against motel lease 5.7%  –  is that competitive ?

    Cheers

    thecrest

    thecrest | Tony Neale - Tourism Brokers
    http://www.tourismbrokers.com.au
    Email Me

    selling motels in NSW

    Profile photo of Corey BattCorey Batt
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    @cjaysa
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    March 6, 2014 - 6:01 am

    What LVR? 15 year term? Most lenders are doing high 5's to low 6's right now, features are becoming more of a competitive space.

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Investment Focused Finance Strategist - servicing Australia-wide

    Profile photo of thecrestthecrest
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    @thecrest
    Join Date: 2004
    Post Count: 996
    March 6, 2014 - 6:15 am

    Ho Corey.

    3 yr term.

    Cheers

    thecrest

    thecrest | Tony Neale - Tourism Brokers
    http://www.tourismbrokers.com.au
    Email Me

    selling motels in NSW

    Profile photo of fxdaemonfxdaemon
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    @fxdaemon
    Join Date: 2013
    Post Count: 114
    September 2, 2015 - 11:22 am

    Hi,
    Is any commercial lender out there who can do the following:

    1. 100% LVR based on a strong lease, ie 10+ year lease plus options.
    2. Lending based on valuation of CP instead of the usual case of lower of valuation and contract price.
    3. Highest LVR for non-recourse loan.

    Thanks,
    FXD

    Profile photo of PropertyGutsPropertyGuts
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    @propertyguts
    Join Date: 2010
    Post Count: 57
    October 12, 2015 - 6:57 pm

    $1.1milll @ 5.395% interest only x 15years
    NSW regional retail, LVR 50%
    We should be getter better according to mates

    Profile photo of Corey BattCorey Batt
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    @cjaysa
    Join Date: 2012
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    October 12, 2015 - 8:14 pm

    Depending on the exact population centre, could shave the rate, increase term and increase LVR for cashout – or a combination of the variables.

    Had an approval for 4.5% variable for a client this morning, another last week for mid 5’s. Both great loans for the respective parties, as rate is just one of the considerations at play.

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Investment Focused Finance Strategist - servicing Australia-wide

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