Motel Mingle Forums Motel Finance Current lending criteria on purchasing a Freehold Motel finance Reply To: Current lending criteria on purchasing a Freehold Motel finance

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DiscoveryFinance

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    Hi Motel Mingle,

    Depending on the location of the freehold you can achieve between 55-65% LVR from the major banks. Variable rates are in the low to mid 5%’s but most of the banks are pricing based on overall risk, so the rates and LVR depend on the location, strength of the business/tenant, experience of the operators and its overall cash flow.

    Let me know if you have any specific scenarios you would like to discuss?

    Jayden Vecchio
    Director |Discovery Finance Group | p: 1300 88 73 28
    w: http://www.discoveryfinance.net.au | f: facebook.com/DiscoveryFinance