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  • Profile photo of emptyempty
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    @empty
    Join Date: 2003
    Post Count: 3

    I have approached a few lenders which will only lend on a 70% to its current value ( which is not sufficient) I have not talked to someone who will lend against what they will be worth once completed.

    I would be happy to set it up as a 2nd mortgage or can secure your interest with a caveat.

    Would be looking at a 12% rtn paid at the end, based on an 8 mth turn around this would equate to approx 18% p.a.

    Thanks
    Mick

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