Commercial Loans for medicos

Multiple dwellings constructed on one title

As a guide:-

Loan purpose:

  • To construct two, three or four residential dwelling houses on an existing allotment where there is a clear and documented intention to subdivide the land either before or immediately following construction.
  •  Loan is to be submitted as a standard construction home loan product.

Lending to value ratio:

  • 80% for  four or less houses.

Pre-settlement subdivision:

  • Maximum of one lot with four houses; and
  • Separate valuations for each individual lot on which a dwelling house is to be constructed.

Post-settlement subdivision:

  • Maximum of one lot with four dwelling houses; and
  •  One valuation is required reflecting all of the dwelling houses upon the one lot (in one line).

Documentation Required:

  • Building plans and specifications approved by council;
  • Fixed-price building contract (including subdivision plan); and
  •  Council approval for the subdivision or the council-approved plans

COMMERCIAL

Australiawide

Phone

1300 LOW DOC

1300 569 362

We specialise in both Low Doc and Full Doc commercial loans

Sydney Phone

High Yielding Commercial Properties

.

From 4.89%

for 3 year fixed full document commercial loans, with no ongoing fees.

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Note: these rates are updated daily

For the best commercial loans

Australia wide

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80% LVR

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