What is the best LVR for a commercial development

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Kumudu
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Joined: Tue Jun 23, 2015 9:35 pm

What is the best LVR for a commercial development

Post by Kumudu »

What would be the best LVR any lender will offer for a commercial development with 100% , non conditional pre-sales. What is the maximum number of applicants such a loan application can have ? Total development cost would be below $2.2M and it will be in Perth, Western Australia. It will be a land purchase with a house, demolished and develop. Your help is much appreciated. Thank you in advanced.

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Hoa Hong
Mortgage Specialist
Posts: 331
Joined: Thu Aug 26, 2010 10:15 am
Location: Sydney, Australia
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Re: What is the best LVR for a commercial development

Post by Hoa Hong »

Hi Kumudu,

The maximum LVR would be 50% with no pre-sales. With pre-sales, it would be around a 65% - 70% lend. There can be as many applicants as you like. There are no limits :)

If you want to discuss this in detail, you can call 1300 889 743 or check out our website.

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