thank you Alistair

What are some typical line fee rates?

Hey guys thanks for the replies. Just to clarify, We do work in the construction industry, but this project will not be built by us. We are just acting as the developers. We have an independent builder taking on all aspects of construction not us. All the information i am giving you is straight from the lenders mouth. i am not making this up or…[Read more]

Appreciate the comments.  Richard, thanks for your response. I have already spoken to a few lenders but just briefly over the phone. Pre-sales are a must which is not a problem. and this is our first project but we work in the construction industry so the lenders werent to fussed about the issue and they were the ones hinting at an 8.5-11% rate.…[Read more]

Yes. However I ask this question because I would like to know if our calculations for the interest value we have used are correct or not.

P.S estimated construction time has been considered at 24 months. And interest rate at 10% for a worst case scenario.

Ray