Hi Guys,
I am new here. My wife and I are both doctors. Our combined annual gross income is around $750k. We have found a commercial property with a solid tenant and 12 years remaining on current lease and 2x 10 years renewal options after that. We are looking for a mortgage broker to help with the finance. What is the maximum LTV ratio we can get for this?
Many thanks.
Martin
Really dependent on the commercial property, purchase price, asset type, location amongst other factors – having an indepth discussion with an investment savvy broker will give you a lot more info.
It can be very easy to say something desirable like 80% LVR but that wouldn’t necessarily be in your best interests.
In reality depending on the security, 65-75% is the norm for CIP LVRs.
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
Really dependent on the commercial property, purchase price, asset type, location amongst other factors – having an indepth discussion with an investment savvy broker will give you a lot more info.
It can be very easy to say something desirable like 80% LVR but that wouldn’t necessarily be in your best interests.
In reality depending on the security, 65-75% is the norm for CIP LVRs.
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
Hi Martin,
A lot depends on what sort of property it is and the actual size of the loan. Being Doctors you can possibly get better terms than people in other professions, but such concessions tend to be easier to get for smaller eg sub $1 mil loan amounts. If you put aside your profession you will be able to get somewhere between 70% and 80% LVR contingent on the size of the loan, the type of property and where it is located.
Regards
AlistairThe property is a child care centre with a good reputation and a long waiting list.
Building area around 900sqm and land is around 2300sqm.
It is located next to a main road with AMF Bowling, McDonald, Big W and Woolly across the road.
The current rental is $270k + GST + outgoings. Asking price is $3.4M.
What do you guys think?-
This reply was modified 9 years, 8 months ago by
msyooi.
Location, structure, importance of Rate vs LVR. A lot of complexities here – if you’re genuinely wanting definitive advice with these kinds of deals it’s going to be best to engage directly with a broker who can drill down into the specifics.
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
Being a doctor you will have access to special commercial loans; via the big 4 banks.
LVR: 75-80%
Term: Up to 15-20 years possible with 3-5 years i/o
Rate: Sub 5.20% Variable or fixed from 4.85% for 3 yearsMick C | Shape Home Loans
http://www.shapehomeloans.com.au/
Email Me | Phone MeSame Banks. Better Rates. Served With a Passion.
I’m looking To borrow to buy an industrial investment for 2.5 mil and having a secure 6 year lease in place offering a 7.5 % ret and being a new building what would be the maximum amount I could borrow considering I could put up 800 grand up and collateral in 2 homes valued at 1 mil. Any one that could offer me some figures?
Cheers-
This reply was modified 9 years, 8 months ago by
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