Hi
I hope I can get your thoughts as to were I can go to get the refinance deal I want.
I have just completed construction of 6 apartments in one block, in inner Melbourne. They are 4 x 2br and 2 x 1br and now strata titled.
Charter Keck Cramer have recently valued total at $2.4M.
They have just been rented for a total of $118,000 per year.
I wish to refinance from my existing construction loan (Bank West) to investment loans with 1, 2, or 3 different lenders.
I want lo doc 80% (with cash out) and want no cross collateralisation of properties. Credit rating excellent. Ownership of aprtmnts under partnership with my wife. The partnership has an ABN number.
Im encountering problems with my request upon approaching my finance broker an Xinc broker. I understand the bank's current situation with dealing with lo doc self employed people, but know I can get the deal with someone.
I am flexible with the LVR and rates as long as I can get close to above conditions.
Any help would be greatly appreciated.
T
I hope I can get your thoughts as to were I can go to get the refinance deal I want.
I have just completed construction of 6 apartments in one block, in inner Melbourne. They are 4 x 2br and 2 x 1br and now strata titled.
Charter Keck Cramer have recently valued total at $2.4M.
They have just been rented for a total of $118,000 per year.
I wish to refinance from my existing construction loan (Bank West) to investment loans with 1, 2, or 3 different lenders.
I want lo doc 80% (with cash out) and want no cross collateralisation of properties. Credit rating excellent. Ownership of aprtmnts under partnership with my wife. The partnership has an ABN number.
Im encountering problems with my request upon approaching my finance broker an Xinc broker. I understand the bank's current situation with dealing with lo doc self employed people, but know I can get the deal with someone.
I am flexible with the LVR and rates as long as I can get close to above conditions.
Any help would be greatly appreciated.
T