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One more thing on hybrids. I have heard that banks do not like lending to Hybrid trusts, so it may be harder to get finance. Although I am a mortgage broker, I have no experience in this area. Could any other brokers out there please comment? Or anyone with a Hybrid Trust?Terryw
[email protected]With regards to borrowing to buy units in a Hybrid trust, we have had success with CBA,Westpac and Bankwest ( St george will not borrow under this structure). Typically the lender will place a mortgage over the property and require the trustee of the Hybrid trust to commit to a commercial guarantee.Extra paper work is involved, however providing the trustee or directors of the corporate trustee and unit holders of the Hybrid trust (borrowers) are one and the same, finance is generally accessible.
Re use of chris batten services.
We have had some involvement with the use of Hybrid trusts from chris batten,would be happy to answer any queries.
Kind Regards
Ryanquote:
One more thing on hybrids. I have heard that banks do not like lending to Hybrid trusts, so it may be harder to get finance. Although I am a mortgage broker, I have no experience in this area. Could any other brokers out there please comment? Or anyone with a Hybrid Trust?Terryw
[email protected]
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