All Topics / Commercial Property / Office buildings

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  • Profile photo of redleavesredleaves
    Member
    @redleaves
    Join Date: 2006
    Post Count: 54
    November 15, 2008 - 12:07 am

    I am considering my first foray into commercial property.
    What is generally the maximum LVR for commerical property? I am particularly thinking of purchasing CBD office space.
    Thanks
    RL

    Profile photo of CentralChoiceCentralChoice
    Participant
    @centralchoice
    Join Date: 2008
    Post Count: 64
    November 15, 2008 - 3:04 am

    Hey RL,

    The commercial lenders will generally offer around 65-75%. They used to be a bit better but this week some of the major lenders have tightened their commercial credit policy and these guys will now only fund you up to 65%.

    At least two other lenders are currently offering very competitive rates for commercial loans: we're talking below 6.50% which is CHEAP as I find the returns on commercial quite a bit higher than resi, plus tenants pay outgoings. You will also get this about 70% LVR.

    Drop me an email if you want some further details.

    Cheers,

    Profile photo of robert_657robert_657
    Member
    @robert_657
    Join Date: 2007
    Post Count: 8
    November 22, 2008 - 4:11 am

    Hi, there are many places available today online for your need. I cannot personally quote the name of any person as I have not hired an agent as yet. I had rented an apartment from listings by an online source.

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