Commercial Mortgages

  • Thread starter scolari-ire
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scolari-ire

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Can anyone tell me anything about commercial morgages for purchasing a B&B in Poland for example or point me in the right direction.

Regards

Phil
 
Re: Commercial Morgages

"Commercial Mortgage" would imply that you want to borrow using the property in Poland as the primary security. In that case you will need to enquire directly from the Banks in Poland as to their specific lending requirements. Generally you will need to produce a business plan incorporating details of the running of the business cash-flows etc. First priority is to establish the general collateral requirements of the Polish Banks re LTV ratio etc. I am curently advising in teh Banking sector in the baltic countries and in general Banks require a minimum of 30% input from the investor. Not sure of exact details in Poland but a web site search or e-mail to a specif bank will get you this info. Obviously you will have to thoroughly research the market and other specifics before progressing any further.
 
Re: Commercial Morgages

two options spring to mind

use your PDH/Irish property to raise the deposit required

then get a mortgage in Poland for the remainder of the purchase price

or

use your PDH/Irish property to raise full capital to buy outright for cash
(second one is risking your family home though)

DeirdreL

www.rea.ie
 
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