23/01/2014 8:56:00 AM
My name is Kris Menon. Havent done a commercial construction loan as of yet. 3 friends together with property paid off and equity want to buy a land around the 600k and develop 5 townhouses and sell.Project cost around the 2.1million
How do i go ahead,
Questions are too many
Do they take it as joint title or do they form a company and take it.
what is the max LVR can be achieved.
Which Bank would be ideally suitable
What is the interest rate.
Is it like a constuction loan with commebncement payments
What would be the Finance rate.
All help and Guidance needed
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your mortgage scenario