I have borrowed for heaps of houses in the past but never for commercial property.
I just put an offer on a commercial property subject to finance.
My question is what sort of LTVR can I get an how can help me out .
Im in melboune .
I know that usually that 30 to33 % is required as a deposit.
I want to do 20% is it possible?
Any info would be great .Kind regards Rick
We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
[email protected]Dependant on the type & location of the property and whether you can fully verify income you should be able get 85% lvr at a standard commercial rate.
Cheers
Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
[email protected]
Looking for life cover – We Guarantee to beat any quote you have in writing.Richard Taylor | Australia's leading private lender
Richard is correct. It is a very common misconseption that commercial lenders will only go to 60 or 70%. The truth is that where the deal is strong ie quality borrower, tennant, property and lease, commercdial lenders are very flexible.
Regards
Alistair
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