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Asset Loan against Farm

Discussion in 'Finance & Banking' started by tailcat, 11th Aug, 2007.

  1. tailcat

    tailcat Well-Known Member

    Joined:
    18th Jun, 2007
    Posts:
    96
    Location:
    Yeppoon
    Does anybody know which Financial institutions will do an `asset loan' against a farm?

    The property is too large to class as a `typical' residential property. There is no current mortgage on the property . We are only looking for a 30-40% loan (depending on valuation of course).

    Tailcat
     
  2. qlds007

    qlds007 Member

    Joined:
    25th Oct, 2006
    Posts:
    11
    Location:
    Brisbane, Australia
    Tailcat

    There are couple of specialised lenders but it wont be that cheap.

    It will depend on the location and size of the property.

    Is the security in Qld ?