Explore the option of acquiring commercial property through lease documentation loans, where a deposit of 30-35% is required. It is essential that the rental income adequately covers the interest repayments for lenders to consider financing. La Trobe is one notable lender in this specialized field.
Additionally, consider private lending solutions, which may extend financing up to 70% for terms ranging from 1 to 3 years. While interest rates are higher, currently at 10% with an additional 1.5% in fees, this avenue includes lenders such as funding.com.au, privatemortgagesaustralia.com.au, www.creativecap.com.au, and creditconnect group. Prepayment of interest is an option if you prefer to avoid providing additional support or undergoing traditional servicing requirements.
Comentarios