A common set up that's sold by some of the famous/infamous "property guru/talkers/presenters"....use your friends to invest $10-20k each and those with no cash can hep with servicing on a monthly basis etc..
1. BWC does this under their comm terms and team- run
2. NAB - ok with trust...but something with multiple trust it's too complex for the NAb credit team lol
Normally any deals that involves either more than 4 trust OR more than 6 directors i would highly suggest CBA ( very quick can turn around a approval within days...even pre-approvals) or St George/amp/ANZ ( takes a bit longer)
I done a few of these before esp in the last 12 month....but 9 is massive and a headache i would say! biggest i dealt with is 7 and each one had a family trust with a corporate trustee as well....
1. BWC does this under their comm terms and team- run
2. NAB - ok with trust...but something with multiple trust it's too complex for the NAb credit team lol
Normally any deals that involves either more than 4 trust OR more than 6 directors i would highly suggest CBA ( very quick can turn around a approval within days...even pre-approvals) or St George/amp/ANZ ( takes a bit longer)
I done a few of these before esp in the last 12 month....but 9 is massive and a headache i would say! biggest i dealt with is 7 and each one had a family trust with a corporate trustee as well....