Interesting ball game indeed!

Thanks for sharing your knowledge.

Does that 105% and 99% include LMI capitalisation or is that on top of those figures and they lend the whole 99% or 105%?

Do you know what lenders will provide this? Is it common enough procedure? I had planned on project managing the renovation with quotes all obtained prior to commencement is this adequate or it needs to be a builder with a fixed quote?

Is the loc on the ppor or ip? I’m assuming ppor so you could use it for multiple investments? That sounds really good though!

Terryw that sounds really interesting what you are saying about the loc for cashflow. I don’t quite understand it 100% though, are you able to give me an example of how it would be used?