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  1. A

    3% Return per month

    Lizzie, did your friend ever get burned when a builder went belly up or there were issues with completing the project? Also, did your friend lend during hot cycles only? I would imagine the risks are much greater in a crash situation. I remember seeing a few ads in the papers about 'development...
  2. A

    3% Return per month

    Agree. So in this case, with it's either high return and no capital growth (loan is repaid), so you'd want low risk. Or, you get no return (default), maybe capital growth (assuming the development is completed and it really is worth what the developer says it is), so you'd still want low risk. Alex
  3. A

    3% Return per month

    Agree that it should be looked at on a case by case basis. So in this case, why is the developer having trouble drawing down final funds from the bank? I assume when you say 2 other units in the development sold for $650k these are signed contracts for off the plan. When were the contracts...
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