Managed Funds ML Interest Rate - NavraFund

Discussion in 'Shares & Funds' started by ActiveTrade, 29th Jul, 2008.

Join Australia's most dynamic and respected property investment community
  1. ActiveTrade

    ActiveTrade Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    69
    Location:
    Sydney
    OK - I am interested in knowing what interest rate others are paying for ML on the Navra Fund and approx size of loan.

    I don't think I will be investing any more $$$'s in Navra Warrants so hence beginning process to shope around for a ML.

    The more we can share info the better for everyone. :)
     
    ActiveTrade, 29th Jul, 2008
    #1
  2. Simon Hampel

    Simon Hampel Founder Staff Member

    Joined:
    3rd Jun, 2015
    Posts:
    12,415
    Location:
    Sydney
    Simon Hampel, 29th Jul, 2008
    #2
  3. ActiveTrade

    ActiveTrade Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    69
    Location:
    Sydney
    Thanks Sim. Not all these lenders lend against NavraFund do they ?
     
    ActiveTrade, 29th Jul, 2008
    #3
  4. Simon Hampel

    Simon Hampel Founder Staff Member

    Joined:
    3rd Jun, 2015
    Posts:
    12,415
    Location:
    Sydney
    See the last link in my post above.
     
    Simon Hampel, 29th Jul, 2008
    #4
  5. Dest

    Dest New Member

    Joined:
    1st Jul, 2015
    Posts:
    1
    Location:
    Sydney
    So does ANZ - at 70%.
     
    Dest, 29th Jul, 2008
    #5
  6. Chris.R_WA

    Chris.R_WA Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    88
    Location:
    Perth, WA
    Suncorp 10.25%, lend up to 75% LVR on Navra with a 10% buffer.

    Chris
     
    Chris.R_WA, 29th Jul, 2008
    #6
  7. Simon Hampel

    Simon Hampel Founder Staff Member

    Joined:
    3rd Jun, 2015
    Posts:
    12,415
    Location:
    Sydney
    ANZ may have previously offered LVR (as did Leveraged Equities), but they no longer list the Navra Aus funds on their acceptable securities list - so they may not offer it for new investors (depending on how much you want to invest).

    It's always worth asking though if you are particularly keen on one particular lender - they will sometimes agree to offer LVR on a fund that is not specified on their lists.
     
    Simon Hampel, 29th Jul, 2008
    #7
From $20k to $25 Million: The Chris Gray Story