ING REFINANCE OFFER
ING are currently running a Refinance Offer for their Commercial Lending arm.
Please review the below criteria and contact Matthew Crozier if you have any queries – referrals – or the like.
- Special variable interest rate 4.39% (comparison rate 4.46%)
- Commitment fee reduced to $1,000 PLUS if the loan settles the $1,000 commitment fee will be refunded post settlement.
Please note to qualify for the refinance offer, your deals must satisfy the following:
- Refinance application must be received by ING prior to 24 December 2018
- Loan amount must be between $1 million and $3 million
- Loan must settle prior to 31 March 2019
- All refinance applications must meet ING credit approval criteria
Why choose ING for your commercial needs?
While we know competitive pricing is important, we know this is only one piece of the overall picture. Here’s a reminder of why you should choose ING for your commercial customers:
- LVRs up to 75% for major metro areas and LVRs up to 70% for regional areas for standard non-specialised commercial property including multi-unit residential blocks, shops, offices and industrial units.
- We’ll also lend for childcare centres (65% of freehold value), service stations operated by national tenants (up to 65%) and boarding houses located centrally in major capital cities (up to 60%).
- We now offer stand-alone servicing for commercial investment property with company and trust borrowers where we isolate servicing to the rental income generated by the security property and interest expense on the proposed loan exclusively. Key things to consider:
- Not a Lease-doc. Full disclosure and financials still required
- Not available for individual borrowers
- Loan term may be restricted to match term of lease
- Third party tenants only
If you identify an opportunity you would like to workshop, or have any questions regarding the above, simply contact me: