All Topics / Finance / Finance help – IP purchase and construction loan

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  • Profile photo of MelMel
    Participant
    @tigergirl
    Join Date: 2015
    Post Count: 1
    January 5, 2016 - 11:54 am

    Hi there,

    • This topic was modified 8 years, 10 months ago by Profile photo of Mel Mel.
    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    January 5, 2016 - 1:37 pm

    Best not to use a LOC for the construction, but a standard loan, interest only. With a LOC you run the risk of money going in and out of the loan. The rate will also be higher and it will be at call.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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