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Same as ANZ. it's pretty much a lowdoc cash out under the comm loans ( so No nccp), most of our self employed flipping client uses this product as it's quick and easy.

- rolls over every 90 days and new rate issued. - After build is done the bank would want you to continue your agreement as this BBSY comm loan BUT i would def re-negotiate. - You can get a resi loan for 6 units on one or separate title FYI...sub 4.50 No. Spot on. The only exception...

^ excludes construction esp the fixed :) P.s ING is pushing 4.44% fixed for 3 years on comm as well :eek: Everyone's happy- client/broker and bank....it's good to be a commercial buyers these days with the lock in rental return.

Can't make a recommendation without knowing your financial etc and deposit ability and holding ability...BUT general comment. 1. If building than a BBSY is fine, cheapest way to fund short term commercial ( sometimes even long term comm) BUT for 6 units development there is a cheaper funding...