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Motel leasehold finance

Discussion in 'Property Finance' started by Emma Andrews, 5th Jan, 2016.

  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.
     
  2. imbi3

    imbi3 Well-Known Member

    Joined:
    27th Jun, 2015
    Posts:
    69
    Location:
    VIC
    You should be able to get finance at 50% of the purchase price