Humble apologies in advance as I do respect our opinion, but I question your response regarding the costs of 2nd loan.
Under the 2010 Limited Recourse rules, each property asset requires a separate trust and loan set-up. I was involved in a commercial property purchase that settled soon after these amendments and as it was a Strata-Title (one building, but one office space was on a separate title) then we needed to use a separate trust, transfer, loan (vendor finance fortunately), mortgage and loan repayments / transactions for each Strata unit.
Whilst there were some concessions, the Lawyers effectively charged 2 x the fees.
