NDIS SDA Loan

Discussion in 'Loans & Mortgage Brokers' started by Too much upside??, 22nd Mar, 2021.

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  1. Too much upside??

    Too much upside?? Member

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    Hi,

    Can once suggest whom is doing NDIS SDA loans - eg, which bank or broker to speak to. I'm looking to invest in this sector and struggling to find anyone who knows much about it.

    cheers.
     
    Too much upside??, 22nd Mar, 2021
    #1
  2. Tony Xia

    Tony Xia Structured Loan Advisor Business Member

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    I dont play too much in this space but from memory I'm certain some banks will just treat this as normal residential lending.
     
    Tony Xia, 23rd Mar, 2021
    #2
  3. See Change

    See Change Well-Known Member

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    Last I heard you couldn’t borrow to build but could refinance once completed.

    Haven’t seen anyone mention specific lenders , but I know that @RPI would have seen docs but possibly for legal reasons he hasn’t named specific lenders . Low LVR but apparently valuations are coming in well above build costs.

    cliff
     
    See Change, 23rd Mar, 2021
    #3
  4. Redom

    Redom Mortgage Broker Business Plus Member

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    Not sure - have heard from others that BankAus may be good in this space.
     
    Redom, 23rd Mar, 2021
    #4
  5. Richard Taylor

    Richard Taylor Well-Known Member

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    Origin both completed 75% lvr and construction 70%
     
    Richard Taylor, 23rd Mar, 2021
    #5
  6. gach2

    gach2 Well-Known Member

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    Are you lending via non NCCP channels?
     
    gach2, 23rd Mar, 2021
    #6
  7. Richard Taylor

    Richard Taylor Well-Known Member

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    Not at all. If the loan is to an individual then it is covered by NCCP.
     
    Richard Taylor, 23rd Mar, 2021
    #7
  8. gach2

    gach2 Well-Known Member

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    Sorry was meant to be if you are lending via any other channels on SDA property to a corporate entity
     
    gach2, 23rd Mar, 2021
    #8
  9. JKNS

    JKNS New Member

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    JKNS, 16th May, 2021
    #9
  10. Too much upside??

    Too much upside?? Member

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    Thanks everyone - really appreciate your help.
     
    Too much upside??, 17th May, 2021
    #10
  11. hello1234

    hello1234 Member

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    I’ve just settled on my NDIS SDA loan for land and build. It is a commercial loan at 84% LVR in which the valuation came in at a shortfall of 10% of the purchase price.
     
    hello1234, 22nd Aug, 2021
    #11
  12. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Assuming additional security offered ?


    ta
    rolf
     
    Rolf Latham, 22nd Aug, 2021
    #12
  13. hello1234

    hello1234 Member

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    No additional security required - just the cash deposit.
     
    hello1234, 22nd Aug, 2021
    #13
  14. Ishti

    Ishti New Member

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    Hi,

    Can you plz share which lender/broker you used? Thanks
     
    Ishti, 5th Dec, 2021
    #14
    punti likes this.