All Topics / Finance / commercial finance / resi

Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of huilohuilo
    Participant
    @huilo
    Join Date: 2015
    Post Count: 21

    hi all,

    i was wondering if you had maxed out your serviceability and could not borrow anymore but had 200-400k equity in the resi properties which you can’t access/ can’t do equity pull because you maxed serviceability

    could you move onto commercial properties? and use that 200-400k equity as security / deposit to purchase the commercial property?

    thanks Huilo

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Hi Hullo

    Yes we see a lot of clients look to do this.

    In saying that there is often a way to access their equity with a carefully planned strategy.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post Count: 1,010

    Correct Huilo – you can extend your capacity by entering into the commercial space – lending in this space is regulated differently and lender’s have a lot more flexible policies. I’ve actually written about some of these options here:

    http://www.precisionfunding.com.au/lease-doc-commercial-or-how-i-learned-to-love-lease-doc-to-continue-investing/

    With a carefully structured lending plan you can effectively open up a whole new capability of investing in commercial – or venture into finance within a self managed super fund (SMSF) etc.

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

    Investment Focused Finance Strategist - servicing Australia-wide

    Profile photo of huilohuilo
    Participant
    @huilo
    Join Date: 2015
    Post Count: 21

    so the feeling i’m getting is yes but you need to go no doc loan / top interest rate loans?

    Thanks, Huilo

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Hi Huilo

    No not necessarily many Lease doc type products are charged at standard Commercial Rates (albeit in the main these are higher than your standard resi home loan rates).

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post Count: 1,010

    Exactly Richard – I’ve put through three applications this week for Lease doc/Lo Doc – at sub 5.5% rates, no exactly ‘high’ rates considering it’s commercial lending.

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

    Investment Focused Finance Strategist - servicing Australia-wide

    Profile photo of huilohuilo
    Participant
    @huilo
    Join Date: 2015
    Post Count: 21

    oh i see interesting thanks Richard and Corey!

Viewing 7 posts - 1 through 7 (of 7 total)

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