I need help, can some one direct me as to where i could get some finance for three months asap for the lowest rate? I am doing a small development and need the finance to get the house to lock up stage at which i will then refinance. Thanks.
Is it secured funds you are seeking and how much. ?
What is the current value of the security being offered ?
Do you have an exit plan to refinance in 3 months time?
Richard Taylor
Residential & Commercial Finance Broker
Licensed Financial Planner
Ph: 07 3720 1888
[email protected]Richard Taylor | Australia's leading private lender
G’day Qlds007
Would unsecured be quicker? If needed secured it could be.
Current value 430k owe 340k on it.
will refinance in 4-6 weeks, as i want to get it to lock up.
and now for part B
49k is what i am after for 3-4monthsS on a B
I doubt you will get anyone to offer unsecured finance on a development deal so it would need to be secured.
On the basis you can show serviceability you are better of to try and find a private short term investor to look at the application.
One thing is you are certainly going to pay for it in the way of both interest rate and fees and they will want to register a caveat against the property.
High LVR so they will probably want to direct the funds.
Good luck
Richard Taylor
Residential & Commercial Finance Broker
Licensed Financial Planner
Ph: 07 3720 1888
[email protected]Richard Taylor | Australia's leading private lender
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