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Dogigity

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    Dogigity replied to the topic Finance for build subdivision in the forum Terrw and WhatIfWeFinance 14 years, 7 months ago

    Terrw and WhatIfWeFinance Thank you for your replies and information, this helps me to budgetDogigity

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    Dogigity replied to the topic Finance for build subdivision in the forum Finance 14 years, 7 months ago

    OK, so you are saying that no lender would finance it as two individual titles as if it were completed?My idea is that upon completion the two lots would be worth 400k for the front and 460k for the backTherefore total value at completion is 860kBorrow against it at 80% LVR to finance constructionSo in total I want to borrow 688kIf I pay out the…[Read more]

Dogigity

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