All Topics / Finance / Equity release and refinancing of residential vs commercial properties

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  • Profile photo of fxdaemonfxdaemon
    Join Date: 2013
    Post Count: 114

    Hi experts,

    In the general sense and ignoring the current credit tightening, is equity release and refinancing
    of residential IP (not PPOR) easier than commercial IP?

    Having spoken to a few friends (who own both types) the comment and feedback I’ve got so far suggest
    the process with resi IP is easier and amount accessible is also more generous. Obviously, for the
    commercial IP, I am talking about small retail shops, strata and small standalone offices up to
    300 sqm max here and not the $20m type office towers.


    Profile photo of TerrywTerryw
    Join Date: 2001
    Post Count: 16,213

    Resi is generally always easier because residential loans are easier. But commercial loans are not covered by the NCCP Act so there may be arguments that these loans are less strict.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide)

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