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  1. Shahin_Afarin

    Lending for commercial construction (5 storey office block)

    Adding more applicants to the mix may be great for servicing but commercial lenders do not like this particularly based on what you are doing. Not sure how you can overcome servicing with "correct structure" as the deficit would be huge. You will need a little more than correct structuring.
  2. Shahin_Afarin

    Lending for commercial construction (5 storey office block)

    Also depending on the scale of the project - the builder would need to be on the panel of the lender. Otherwise we would need to organise a introduction whereby the builder presents themselves to the lender and joins their panel (this is a full blown preso).
  3. Shahin_Afarin

    Lending for commercial construction (5 storey office block)

    LVR will be based on end value. Commercial valuation are more complicated and comprehensive than standard resi valuations. One of the big things that the valuer takes into consideration when valuing commercial properties is the anticipated yield. Re presales - if the idea is to build and hold...
  4. Shahin_Afarin

    Lending for commercial construction (5 storey office block)

    You are right is a completely different beast - we would need to know the following as a starter: 1. Who is the builder? What is their experience? Are they a gold builder or on the lender's preferred builder list? 2. What is the experience of the client? What sort of experience do they...
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