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Hi,
I currently own a house in Engadine NSW.
I have a DA approval for a second house on the block and Subdivision once build is complete.
Current Mortgage is 800k
Total Build cost @500kTotal value after Subdivision
Minimum $1.8mI plan to sell the existing house after Subdivision, I have no CGT or GST to worry about.
I am unable to finance the build through traditional means as I can’t service the loan. I am hoping to be able to capitalise the interest during construction.
Thank you
LeeHi Lee
I run a 100M+ Private Lending Fund so might be able to assist you.
Feel free to drop me an email with your submission and be happy to look at it for you.
Cheers
Yours in Finance
Richard Taylor | Mortgage Broker helping investors build their wealth thru property
http://www.mortgagecapitalaustralia.com.au
Email Me | Phone Me0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.
Hi Richard,
I am waiting on a fixed price quote from Builder. Will probably be a week or so.
I don’t have any equity in the block as is. I would be reliant on end valuation of the 2 houses after build was complete. Is this something you could possibly work with.
Lee
Hi Lee
Yes we can work off net GST Gross realisation subject to our own valuation.
Cheers
Yours in Finance
Richard Taylor | Mortgage Broker helping investors build their wealth thru property
http://www.mortgagecapitalaustralia.com.au
Email Me | Phone Me0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.
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