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Say 4 units upon completion are worth $400k each, end value $1.6m. Valuation of 4 units on one title will likely be around $1m. Bank will lend you say 80% of that, so $800k. You will need to show you can service that debt and with a $90k income with another property geared at 95% it is...

Nope, you will get a deposit which will be held in trust and the balance once title and Certificate of Occupancy is issued. You will have to finance the whole development yourself with a lender who will make progress payments to your builder. You are confusing a House and Land Package with...