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What is the best outcome from Banks for developer finance?

Discussion in 'Property Finance' started by Scott No Mates, 29th Jun, 2016.

  1. Scott No Mates

    Scott No Mates Well-Known Member

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    I was scanning the announcements in the ASX when I came across a small but active developer who has made their ASX announcement of refinancing their current borrowings at 3.8% with the CBA

    Why can't brokers achieve these sorts of rates?
     
  2. tobe

    tobe Well-Known Member

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    3.76% on a couple of loans today....
     
  3. Scott No Mates

    Scott No Mates Well-Known Member

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    @tobe - is that on a commercial facility?
     
  4. Corey Batt

    Corey Batt Finance Strategist Business Plus Member

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    Bring a portfolio of 52.9mil, 18mil cash to the table and then we can talk about 3.8% commercial rates. ;)
     
  5. tobe

    tobe Well-Known Member

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    no, resi. quite a large loan though. I expected a bigger discount actually, but that's the best I could find.