- fxdaemonParticipant@fxdaemonJoin Date: 2013Post Count: 114
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.
FXDTerrywParticipant@terrywJoin Date: 2001Post 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.