All Topics / The Treasure Chest / Wraps – deposit?

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  • Profile photo of MarkSprengerMarkSprenger
    Member
    @marksprenger
    Join Date: 2002
    Post Count: 6
    July 16, 2002 - 10:11 am

    I would like to determine the highest LVR investors have come across in financing wrap properties. I want to start wrapping but want to put down minimal deposit amounts. Additionally, where are fellow investors obtaining finance through?

    Cheers
    Mark

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    July 18, 2002 - 1:03 pm

    Mark

    Try ANZ, 95% LVR interest Only with the LMI added to the loan! Not bad.

    Regards

    Terry

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763
    July 19, 2002 - 7:46 am

    Hi Mark,

    On my deals I do 80% LVR.

    I could go higher but I find my long-term access to funds drops off as lenders feel I am too highly geared.

    At the seminar there will be a lender who I understand can do 90%+ LVR on wraps for certain clients.

    Be there or miss out!

    Bye

    Steve McKnight

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

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