Anyone know and/or have experience in borrowing money fr banks using Commercial Bill Facility ? What is the the difference between this and the Commercial Mortgage lending ?
Thank you
If you are asking this question you have obviously had that chat with your banker at the NAB that you made the appointment with. Your best source of info is the chap or chapess who is offering it to you.
This is pretty much how they fund the bigger Comm. deals, rolling it over every 90 days…normally.
Perhaps the answer to your question would be far shorter and easier to understand if, the question was rephrased and started with “what is similar” between the two….
Did they gag at 7 ??
Cheers,
Dazzling
“No point having a cake if you can’t eat it.”
Not yet Dazzling, a friend mentioned that name and told me to ask for that type of loan, hence I want to do some research so that I know what to say/ask at the banker meeting this week.
Do you bank with NAB as well and did you have it for your last big IP ??Thanks,
Bris
What loan amount are talking about and what type of security is being offered?
I guess it depends on what rate of interest, terms and conditions you can negoitate in the first place.
Cheers Richard
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http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Richard,
I have sent you an email.
Thanks.Dazzling,
Saw the bank.
5.99 fix for 5 years with 1.5% service fee per year. That really means 7.5% per year in total doesn’t it ? not that great ???
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