Mortgage for block of units
Posted Wednesday, 13 November 2013 at 23:03 by Shape Home Loans
Tagged: house prices | Investors | news | Hint/Tip
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Mortgage for multiple units
Purchasing a whole block of units ( under one title or multiple /strata title) is consider the cash flow cow for many investors. Financing a block of units can be done under residential terms and rates.
* Strict property location and property design applies- contract us to see what is possible!*
Note: Information on this page applies to existing properties only - no construction. For construction contact us for more details.
Finance for block of 2-3 units/properties
- Finance for duplex
- Finance for twin house
- Finance for Granny flat or subdivision
- Finance for two approved properties on one title
- Finance for block of 2 -3 units on one title
- Finance for construction of mutiple units
- Finance for construction of duplex
Consider as standard security by most lenders.
| Lender 1 | Lender 2 | |
| location conditions | All areas | All areas |
| LVR | 99.9% ( 95% + LMI) | 95% |
| Interest rate from (as of Oct 2013) | 4.74% Residential | 4.90% Residential |
| Interest only allowed | Yes | Yes |
|
Percentage of rent taken into servicing the loan |
80% |
100% ( Condition applies) |
Finance for block of 4 units/properties
- Finance for block of 4 units under one title
- Finance for block of units
- Finance for construction of mutiple units
| Lender 1 | Lender 2 | |
| location conditions | Most areas | Location condition applies |
| LVR | 90% | 80% |
| Interest rate from (as of Oct 2013) | 4.90% Residential | 4.79% Residential |
| Interest only allowed | Yes | Yes |
|
Percentage of rent taken into servicing the loan |
80% | 80% |
Finance for block of 6-8 units/properties
- Finance for block of 6 units
- Finance for block of 8 units
- Finance for block of units
- Finance for construction of mutiple units
| Lender 1 | Lender 2 | |
| location conditions | Metro only | Location condition applies |
| LVR | 80% | 65% |
| Interest rate from (as of Oct 2013) | 5.00% Residential | 4.79% Residential |
| Interest only allowed | Yes | Yes |
|
Percentage of rent taken into servicing the loan |
80% | 80% |
Finance Multiple units under one title
- Finance for block of 10 units under one title
- Finance for block of over 10+ ( Contact us for more details for block of 10 or more)
- Finance for construction of mutiple units
| Lender 1 | Lender 2 | |
| location conditions | case by case | case by case |
| LVR |
75% |
65% |
| Interest rate from (as of Oct 2013) | 5.00% Residential | 5.80% Commercial |
| Interest only allowed | Yes | Yes |
|
Percentage of rent taken into servicing the loan |
80% | 80% |
ABN 57 142 142 407 | Australian Credit Licence 390573 | MFAA Approved Broker 58602 | COSL Member M0004711