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  • Profile photo of amcewinamcewin
    Participant
    @amcewin
    Join Date: 2011
    Post Count: 8
    February 26, 2012 - 11:07 am

    Hello,

    I am looking to buy an existing house on a large block in Moranbah and plan to put a duplex out the back.

    This is my first development and I am not sure how financing works for this type of deal.

    We plan to keep the existing house and will strata title all 3 on completion. We plan to hold and rent all 3. They will also be purchased in a trust.

    Can someone please explain how construction loans work with regard to the end valuation of the properties and the associated LVR's. Also, any challenges/ issues I should be aware of given this finance will involve a trust, development and strata titling?

    Many thanks
    Amanda

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    February 27, 2012 - 7:12 am

    Hi Amanda

    Sent you a response to your email last night.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

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