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Hi,
For borrowing in the vicinity of 900k for a commercial property, with a major lender,
Annual reviews
Any other conditions ( ie crossing the loans etc...)
Policy
Fees - On going, set up and exit
Rate
^ that's the order of importance for most comm loans,
All trailing behind:
Availability of funds
I have a $1.4mill commercial loan with CBA and they've told me that over $1mill they must review annually thanks to gov regs. Just wanted to know if true?
I have a $1.4mill commercial loan with CBA and they've told me that over $1mill they must review annually thanks to gov regs. Just wanted to know if true?
What are the downsides of annual review, apart from the work? Ever heard of one going wrong!
I'm paying roughly 6.3% variable, 80% lvr. What rates and lenders could do better?