u/Fearless-Maximus-251

Bridging finance for new property

Does anyone have experience with bridging finance?

There is a property I want to buy for $2m, inner city suburb. I have existing assets, but would need to restructure:

- $550k land (0 owing)

- $550k shares (0 owing)

- $950k house (750k owing)

- $800k house (240k owing) - rented $700p.w

- $1.2m house (320k owing) - rented 700 p.w

- $450k cash

My salary is $290k, with 80k commission. My wife's salary is 48k.

Would a broker be able to provide bridging finance for a loan for this property, assuming I will restructure assets over 12m?

reddit.com
u/Fearless-Maximus-251 — 8 hours ago