Broker wanted

Discussion in 'Loans & Mortgage Brokers' started by Watsy, 5th Jun, 2020.

Join Australia's most dynamic and respected property investment community
  1. Watsy

    Watsy Member

    Joined:
    4th May, 2016
    Posts:
    12
    Location:
    Melbourne
    I posted a recent thread without the full picture of requirement, so re-posting.
    Wanting to refinance $1.54m worth of commercial property loans from 2 different banks across to the one bank. We currently get $111k return on rent p/annum. Our current loans per annum require payment of $90k for interest only loans. We want to refinance at 75% LVR, nothing less. Can anyone help?
     
  2. Tony Xia

    Tony Xia Structured Loan Advisor Business Member

    Joined:
    23rd Aug, 2015
    Posts:
    438
    Location:
    Bella Vista
    There are alot of brokers here that can help you.

    But I think more info is needed

    - are you after lease doc, lo doc or full doc ?
    - what kind of commercial security ?
    - is this a dollar for dollar refinance?
     
  3. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    15th Aug, 2005
    Posts:
    7,528
    Location:
    Gold Coast
    Why ONE lender ?

    Further, have you been getting full passing rent over the last few months ?

    ta
    rolf
     
  4. Watsy

    Watsy Member

    Joined:
    4th May, 2016
    Posts:
    12
    Location:
    Melbourne
    Hi Tony - I guess we after any type of loan to get this across the line. Wanting 75%LVR to potentially release roughly $120k in equity. Can I message you privately to give you more of my story? Thanks, Jamie
     
  5. Tony Xia

    Tony Xia Structured Loan Advisor Business Member

    Joined:
    23rd Aug, 2015
    Posts:
    438
    Location:
    Bella Vista
    Hi Watsy,

    Sure you can direct message me, I can try point you to the right direction if I can.
     
  6. Watsy

    Watsy Member

    Joined:
    4th May, 2016
    Posts:
    12
    Location:
    Melbourne
    Is it possible to phone you?
     
    Tony Xia likes this.