All Topics / Finance / Managed apartment finance

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  • Profile photo of janpjanp
    Member
    @janp
    Join Date: 2004
    Post Count: 3
    August 16, 2004 - 8:30 am

    We have a managed resort apartment that we are trying to sell but the big stumbling block is the banks unwillingness to lend more than 60%.
    Anyone know of a financial institution that will better this?
    Cheers

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    August 16, 2004 - 9:34 am

    Hi janp,
    Managed apartments can be tricky, have you tried HSBC? Phone 1300308880
    Good luck,

    Regards
    Steven
    Mortgage Broker

    [email protected]
    http://www.mobilemortgagemarket.com.au
    Ph:1800 820 500
    VICTORIA

    PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.

    Profile photo of Stuart WemyssStuart Wemyss
    Member
    @stuart-wemyss
    Join Date: 2003
    Post Count: 598
    August 17, 2004 - 2:46 am

    St George and Citibank will consider doing 70%. That’s about as high as you can get.

    Cheers

    Stu

    Profile photo of janpjanp
    Member
    @janp
    Join Date: 2004
    Post Count: 3
    August 20, 2004 - 12:38 am

    Thanks guys.We’ll keep plodding on hoping for a buyer.

Viewing 4 posts - 1 through 4 (of 4 total)

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