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

This topic contains 1 reply, has 2 voices, and was last updated by  DiscoveryFinance 5 years, 10 months ago.

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  • #521

    Motel Mingle
    Motel Mingle

    Keymaster

      Please let us know if you have recently applied for finance for purchasing a motel freehold with the current lending conditions. Also let us know which finance organisation it is to give us a heads up.

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    • #2014


      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

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