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  1. Shahin_Afarin

    Loan for a block of residential units (in a line)

    The lender will not that this a multi dwelling security unless it has been satisfied there is no way it can be subdivided. When you say your lender is ok with it - who is the lender? Is the branch person? Broker? Credit Manager? I can assure you that credit will raise this once they receive...
  2. Shahin_Afarin

    Loan for a block of residential units (in a line)

    Just because they are not separately metered doesn't mean they can't be at a later stage - I won't added this. I would note that they are note fire rated walls thus there is no possibility of strata titling the units. Have done this numerous time in the past and it has worked.
  3. Shahin_Afarin

    Loan for a block of residential units (in a line)

    Lender will definitely have an issue with the multiple dwellings on a single title under an SMSF. Thats why you need to proactively provide the documentation and state on the documentation the reasons as so why they are not subdividable, i.e. fire rating. Generally if its a block of...
  4. Shahin_Afarin

    Loan for a block of residential units (in a line)

    6 units on a single title in an SMSF if definitely commercial lending. Your first issue is that its 6 units and that goes against the SIS Act. So what you will need is a letter from your solicitor stating that the units cannot be strata titled because the walls are not fire rated or whatever...
  5. Shahin_Afarin

    Loan for a block of residential units (in a line)

    How many units are there in one line? If you do need to go commercial then St George is actually a good lender but I think you are dealing with the wrong person. You can do around 5.20% (depending on the loan amount), no upfront fees other than valuation fee, $14 per month and 5 year...
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