Need help refinancing block of strata townhouses

Discussion in 'Loans & Mortgage Brokers' started by TylerJamesson, 19th Oct, 2019.

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  1. TylerJamesson

    TylerJamesson Well-Known Member

    Joined:
    15th Feb, 2016
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    369
    Location:
    Australia
    Hi team

    I just wanted to get an idea of a few lenders and IO investment rates out there for a block of x6 strata titled townhouses I just built. Located in a major city.

    I’ve been advised by my accountant that I only need to refinance 4 units as security to cover the remaining debt, leaving 2 titles without a mortgage.

    Have been advised CBA is my best bet to take on 4 titles in the one complex. Any one else have any other ideas?

    many thanks in advance!
     
  2. Morgs

    Morgs Well-Known Member Business Member

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    Sydney NSW
    Most lenders will have an issue with the security concentration. There will be a few lenders that can consider. From memory should fit with BOQ and Macquarie.
     
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  3. hammer

    hammer Well-Known Member

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    Darwin
    This is a job for a good broker. There's heaps of them on here.
     
    TylerJamesson likes this.
  4. Terry_w

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

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    If they are strata titled take them to 4 different lenders.
     
    kierank and Scott No Mates like this.
  5. TylerJamesson

    TylerJamesson Well-Known Member

    Joined:
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    Location:
    Australia
    Thanks folks. Will give Macquarie a go. Their fixed and variable rates look very attractive.
     

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