hi all,
i was wondering if you had maxed out your serviceability and could not borrow anymore but had 200-400k equity in the resi properties which you can’t access/ can’t do equity pull because you maxed serviceability
could you move onto commercial properties? and use that 200-400k equity as security / deposit to purchase the commercial property?
thanks Huilo
Hi Hullo
Yes we see a lot of clients look to do this.
In saying that there is often a way to access their equity with a carefully planned strategy.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Correct Huilo – you can extend your capacity by entering into the commercial space – lending in this space is regulated differently and lender’s have a lot more flexible policies. I’ve actually written about some of these options here:
With a carefully structured lending plan you can effectively open up a whole new capability of investing in commercial – or venture into finance within a self managed super fund (SMSF) etc.
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
so the feeling i’m getting is yes but you need to go no doc loan / top interest rate loans?
Thanks, Huilo
Hi Huilo
No not necessarily many Lease doc type products are charged at standard Commercial Rates (albeit in the main these are higher than your standard resi home loan rates).
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Exactly Richard – I’ve put through three applications this week for Lease doc/Lo Doc – at sub 5.5% rates, no exactly ‘high’ rates considering it’s commercial lending.
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
oh i see interesting thanks Richard and Corey!
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