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
