Loan for Brisbane Commercial property
Red & Co Recently refinanced a commercial property in the northern Brisbane suburb of Banyo. The property was located in close proximity to Banyo train station and the Banyo village precinct. The client’s interest only loan had expired, resulting in monthly payments substantially blowing out. The incumbent loan was also on a high LVR no longer offered in the market at this time.
Red & Co were able to source a new facility, at the highest LVR in the current market, with a well known international bank to refinance the debt, saving our client approximately $6000 per month in payments.
Loan Amount: $975,000
LVR achieved: 75%
Repayment type: Interest only (5 years)
Facility type: Commercial loan
If you’d like to speak to one of Australia’s most highly regarded commercial brokerage houses, get in contact with one of our team. Greg Turner, 0417 698 345 , [email protected] or Max Laverty on 0488 707 164 or [email protected]
- CATEGORY Commercial Finance