A question to all you helpful finance experts.
Just wondering if any of you have recent information or activities on what banks are lending towards motel leasehold and freehold purchases.
I know some time ago that it was very hard to borrow for leasehold but I have heard that they have relaxed a little now and are keen to start lending again.
If anyone can share their recent experiences it would be very helpful and appreciated.
Cheers.
Mick | Motel Mingle
http://motelmingle.com.au/
Email MeFinding Answers! Sharing Ideas! Solving Problems!
Would never confess to be an expert on Leasehold lending but without freehold security i think you have buckley's chance at the moment.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Hi,
some lenders are willing to apply an enterprise valuation against the profitability of a business and lend against this figure. With a Motel Leasehold there are also lenders with specific policies on valuing businesses. I haven't done a loan against one of these for a while, but have done quite a few in the past, I'm sure there are still options around. One thing that would be of great importance is the length of the leasehold.
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