Hi all,
I just wondered what sort of lending the brokers can offer for ART investments. I’m talking about art portfolios that are rented out at an 8% return, whilst still keeping their value, but in most cases increasing in value. What sort of deposit will I need?I have a keen interest in art & wish to extend my portfolio. Any suggestions will be most welcome…[inlove]
Thanks heaps. Dianne BurnsDepends what you use for security.
If you have a property to use as security then normal resi rates apply.
If you plan to use the Art as security then I cannot help as I have no experience in this – I doubt any of our regular brokers will have seen this before.
I suggest you call an art dealer and pump him for info about how his clients borrow to buy – I am sure he will know what happens. There are plenty on the net.
All the best,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
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