Help Needed! – Which banks lend to wrappers??

Hi Rich

I got the following post from the forum on the Vendor Finance (Wraps) Association’s website at
http://www.financewraps.asn.au

“Hello All

Just informing the associatation that our company now has developed and fully tested some loan products uniquely designed for Vendor Financier requiring mortgage finance, with full disclosure to the lender about wraps.

The products have been running officially since 1 January 2004 and have tested the products with no problems from the lender over the past 2 – 3 months.

There are a number of various products to suit all types of investors needs E.g. low doc, standard veriable, line-of-credit etc.

The products can be modified and improved upon if there is sufficient volume coming through as a collective group. Once there is sufficent volume, things such as interest rates and fees can be negotiated further with the lender.

Unfortunently I do not view this forum to often and request if you can forward any questions directly to my busines associate Mr David Cook via email [email protected] or Commanding Heights Mortgage Solutions Pty Ltd direct telephone line 02 4926 2277.

David is happy to forward to you, product sheets and further information on these full disclosure mortgage products.

Our company formally known as Sollner Pty Ltd has been renamed and split into two companys called Commanding Heights Finance Pty Ltd and Commanding Heights Mortgage Solutions Pty Ltd (Mortgage Brokerage company). All mortgage related quesitons and brokerage requirements need to be directed to Commanding Heights Mortgage Solutions Pty Ltd – Mr David Cook.

Regards

Peter Sollner”

I hope this helps.

Cheers, Paul

PS. I’m in no way associated with this company.