Appetite for rent roll purchases is right back where it was pre COVID, if not stronger.

I recently caught up with Justin Dickinson, Managing Director of HoLo mortgage consultants to discuss the mortgage lending market.

In our catch up, Justin and I discussed 5 key points:

  1. Lenders still want good businesses. Making sure your business is in order will ensure a better sale price.
  2. Lending ratios are sitting around 60-70%.
  3. Both buyer and seller usually require around 45 days for finance.
  4. Making sure your P + L’s are up to date is essential. Lenders will want to quickly see your current business status.
  5. Current interest rates around 3.5%, quite possibly the lowest on record.

For the full convo, watch the video below.

If you would like to discuss purchasing a rent roll please send us an email at broking@businessdepot.com.au or for lending opportunities you can email Justin at justin@holo.com.au or give him a buzz on 0413 209 376.

 

Originally authored, and video hosted by Alan Dawson.