Need $2.5m for 12 months at 8% First Mortgage – 65% LVR

Viewing 6 posts - 1 through 6 (of 6 total)

Investor
Participant
@miltonw
Join Date: 2011
Post Count: 2
May 14, 2014 - 12:09 pm
Anyone have access to $2.5m to invest for 12 months at 8% on first mortgage – 65% LVR?
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
May 14, 2014 - 9:01 pm
Kira repeated posts like that will see your comments be edited or deleted.
In answer to the original post what security are you offering and is it a Coded or Non Coded loan.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Scott No Mates
Participant
@scott-no-mates
Join Date: 2005
Post Count: 3,856
May 14, 2014 - 10:45 pm
You’ve lost me on that one Richard, what do you mean by coded/uncoded security?
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
May 14, 2014 - 11:15 pm
Whether it is being purchased for owner occupation / investment in a persona name or whether it is being acquired in a Company name etc and not classified as falling under the NCCP legislation.
Makes a bid difference for financing.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
tom123
Participant
@tom123
Join Date: 2013
Post Count: 91
May 15, 2014 - 9:23 pm
for an investor wanting to put up the 2.5m what does it mean to have the IP coded / non coded? like pros and cons?
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
May 15, 2014 - 9:55 pm
All boils down to compliance and what documents would required.
I would not do a coded loan but lend on non coded stuff all day long.
In saying that i would never personally touch a deal at 8.% P/A when you get 1.75% / month + on your money in the non coded market.
Cheers
Yours in Finance
- This reply was modified 10 years, 7 months ago by Richard Taylor.
Richard Taylor | Australia's leading private lender