short/medium term finance

Viewing 5 posts - 1 through 5 (of 5 total)

ajsc79
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@ajsc79
Join Date: 2005
Post Count: 27
November 4, 2009 - 12:57 am
G'day all
does anyone know of any short/medium term lenders that will lend for 12 months when the deposit money is coming from a third party?
Anthony
Terryw
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@terryw
Join Date: 2001
Post Count: 16,213
November 4, 2009 - 4:14 am
Yep, there are many out there. rates around 9%+ depending on the deposit etc.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
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Richard Taylor
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@qlds007
Join Date: 2003
Post Count: 12,024
November 5, 2009 - 8:16 pm
I think you could sharpen the pencil on the interest rate (albeit i understand we had a further interest rate increase on Melbourne Cup day. See the things you miss when you are on holiday overseas).
All boils down to the LVR and other factors.

Richard Taylor | Australia's leading private lender
ajsc79
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@ajsc79
Join Date: 2005
Post Count: 27
November 5, 2009 - 10:32 pm
thanks richard,
lvr would ideally need to be 80% abn one year, no to limited financials
regards
anthony
Richard Taylor
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@qlds007
Join Date: 2003
Post Count: 12,024
November 5, 2009 - 10:41 pm
Hi Anthony
Ok Yes going to be hard with 1 year ABN as many lenders will want to see a clear exit strategy demonstrated and lodoc refinance is getting harder to achieve by the day.
Richard Taylor | Australia's leading private lender