I’ve done this for a client recently. 80% LVR, substantial borrowing. Issue you will face with retail channels is a) the income usually appears...
Not bull. I have several large hospitality clients that can’t even get kitchen hands for $50 / hr.
Minimum 12 months. Bank will offer whatever they reasonably can to avoid selling a persons house, whilst encouraging them to sell voluntarily. So...
Potentially, I think we'd need to compare to Jul 22 to Dec 22 stock levels though. If stock levels haven't dropped, would suggest either dead cat...
Anyone understand the rationale for these higher clearance rates? Feedback I'm getting is plenty of competitions at auctions. Fundamentals don't...
Don’t think we’ll see much borrower stress. It is a systemic issue, banks will protect their book and offer flexibility if they can + echo earlier...
I’m a commercial broker. Biggest hurdle with growing a commercial portfolio is the upfront capital cost required. Typically 20% - 35% deposit +...
Yes it could, but serviceability wasn't an issue & invoice finance is more structured so a lot of effort for occasional use. In this instance, was...
@Terry_w sometimes, but it depends on the industry. An overdraft is often used to avoid cashflow issues by using it to fund the businesses'...
@Simon Hampel, correct in theory but having worked in the "bad bank" department, have never seen the All Monies used against a small or medium...
Usually because banks will want to cross-collaterise everything. That being said, it’s not usually something you can avoid in small business...
Yes it’ll be in one line valuation. Unlikely to get $80% LVR with mainstream banks. At 80% LVR, that’s also a $2.32m lend so assume the land...
This will require commercial finance. What is total development cost? That will determine which bank & segment it sits in and how it’ll get...
Don’t be surprised if we start seeing 5’s in 6 months time if cash rate moves to 2.50%. How long it would stay there remains to be seen.
Wasn’t an attack on you
I think OP comment is reflective of the broader market. It scares them. Majority of borrowers don’t understand make-up of funding costs, other...
Simple reason for this. 2nd mortgage provides quickest option with most certainty re: access to funds. No funds, can’t complete build. Depending...
All of this is interesting but from what I gather assumes neutral or minimizing global factors. If US enters recession (which I think markets are...
Won’t need to re-asses financial side. They will just obtain a valuation to verify the remaining property is <80%. Tell them now because it will...
Delaying creditors is still acting to defeat them. That is different to asset protection strategies implemented prior to establishment of a business.
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