can anyone recommend lenders for commercials buildings
currently im with comm bank….they are getting very tough in there
vals they are certainly willing to lend but each time im constantly being
screwed on valuation….so whats the point…..
there rates are competitive on loans on $1mill at 7.30% but leverage
at 60% is this the norm% i thought it was 70%?
however im now looking elsewhere as there valuation people give me
the s…. with there crazy vals….
is anyone else experiencing tough valuations recently?
any ideas thanks steve
any other lenders to chose from?
email [email protected]Steve.
No 60% is not the norm although if they are tough on vals appears the true LVR is less than 60%.
We deal with many Commercial lenders all depending on what type of property you are looking to finance and the strengths and weaknesses of the deal.
If it is strong application we have a couple of lenders that now go to 85% LVR.
Hard to make a recommendation on such limited information.
Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.19%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
I’m with Richard on that. Commercial can be hard depending on the funder. Some don’t like specific types of property etc; Valuers can be conservative too, which never helps when putting a deal together.
Happy to look if you’re in a jam though.
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055
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