Howdy ppl
Looking at property with large block, reno existing house(or demolish and remove), subdivide and build at the rear.
When obtaining a construction loan do you start payments at settlement or when the project is finished and revalued?
Can you defer payments until project completion?
How do you finance holding costs until the project is finished and you can rent out?
Can you lend for the final valuation price?
Would love to hear from everyone!
(properties shall be purchased under a trust structure)
all replies are welcome
dags
Looking at property with large block, reno existing house(or demolish and remove), subdivide and build at the rear.
When obtaining a construction loan do you start payments at settlement or when the project is finished and revalued?
Can you defer payments until project completion?
How do you finance holding costs until the project is finished and you can rent out?
Can you lend for the final valuation price?
Would love to hear from everyone!
(properties shall be purchased under a trust structure)
all replies are welcome
dags