Search results

Yes 80% formula that Terry quoted is a good guide for what you will need - particularly for a commercial loan like this where the LVR is lower than your standard resi one.

Your limit will probably be equity first up. Then will be serviceability.

Well the time to do the structure was when you bought the property, not after as it is too late (unless you want to pay stamp duty again). As for lending, it really is too hard to work out as too many variables. Re the townhouse development it would be a commercial loan since you are going for...