Motel leasehold finance

Discussion in 'Loans & Mortgage Brokers' started by Emma Andrews, 5th Jan, 2016.

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  1. Emma Andrews

    Emma Andrews Member

    Joined:
    21st Jul, 2015
    Posts:
    22
    Location:
    Perth
    I'm looking at purchasing a motel leasehold and was wondering if any brokers could tell me the maximum LVR a bank is willing to lend on. I do have two properties but have limited equity in those so would be looking to use my savings of $150,000.
     
    Emma Andrews, 5th Jan, 2016
    #1
  2. imbi3

    imbi3 Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    102
    Location:
    VIC
    You should be able to get finance at 50% of the purchase price
     
    imbi3, 7th Jan, 2016
    #2