Investment property loan for Elite Athlete
Red & Co. Finance – Mortgage Broking
We may love our sporting heroes but that certainly doesn’t mean the banks do! It’s no secret that in recent times banks have tightened up loan servicing policies, which means any income earning structure that is out of the ordinary, will be run through the ringer! This doesn’t bode well for professional sportspeople who often earn income from prize money, sponsorship and contracts. Therefore, a lot of time can be wasted searching for not only a bank that will actually fund a purchase, but also one with a great rate to boot. As a residential finance broker, we have done this for many sportspeople to assist their property ownership dreams. Our latest deal for an elite athlete was no different:
- Purchase of an existing property in Brisbane for circa $1.25 million
- Financed up to 80% LVR
- Bank chosen had a great rate and was able to understand the athlete’s income
Because of the breadth of transaction brokers generally see, we have a unique insight into how certain scenarios can be funded, no matter how complicated your income structure might be. If you would like to speak with one of our experienced residential or commercial finance specialist about your loan scenario, don’t hesitate to get in contact with Max Laverty at [email protected] or 0488 707 164.
- CATEGORY Residential Finance