Search results

Thanks Blacky. Geez, it would have been horror to be paying 10% interest (bbsy + margin) during the GFC when normal rates were half of that and the global economy was going down the gurgler.

I do recall the spread was huge during the gfc.

Any chance you know what happened to this BBSW rate during the GFC (2008-2009). This is on a remote chance something happens to the world economy and contagion occurs (e.g. Grexit).

Thanks Rolf. I'm just super conscious that at completion, I might be stuck in a position where the commercial loan gets called in and I have no refinance options. It's a very low likelihood, but a risk nonetheless...

Thanks Blacky. The commercial world is certainly a different beast than resi....

Is the ING product available/suitable for commercial construction?

Hi all I was hoping someone with commercial lending knowledge could help me understand the risks and impact of the following commercial loan. I am looking, as an option, of taking out a commercial loan to fund a 6 unit development and pay out current resi loan. The loan suggested by my...