Commercial Lender, No Presales

Discussion in 'Loans & Mortgage Brokers' started by Tom Simpson, 26th Aug, 2019.

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

    Tom Simpson Well-Known Member

    Joined:
    13th Dec, 2016
    Posts:
    186
    Location:
    Subiaco
    Hi Team

    I have a client building 5 townhouses in Palmyra, WA. Does anyone know of any commercial lenders operating in WA that don't require presales? Mez and private equity is welcome.

    Thanks,
    Tom.
     
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

    Joined:
    18th Jun, 2015
    Posts:
    41,667
    Location:
    Australia wide
    Paramount have been sending me marketing emails - they could assist.
     
  3. Tom Simpson

    Tom Simpson Well-Known Member

    Joined:
    13th Dec, 2016
    Posts:
    186
    Location:
    Subiaco
    Thanks Terry
     
    Terry_w likes this.
  4. Redom

    Redom Mortgage Broker Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    4,607
    Location:
    Sydney (Australia Wide)
    How large is the loan size? Try Latrobe for something of this size (assuming loan size is small enough).
    There’s be a whole suite of private lenders too that meet this definition, but of course come with their own set of hurdles (lvr, rate, fees).