Currently building a duplex which is at practical completion stage. It does not have council approval or clear title (it is to be split into 2 lots) and needs say $20k to complete. I already have one contract on one and a valuation from a major valuer supporting market price.
The bank is reluctant to refinance it now and have placed a much lower value on it (effectively cost) despite contracts and valuations.
Is there a lender someone knows who would take up the property as a completed one and lend against that? It is held in a DT and would need to be a Low Doc.
Thanks
The bank is reluctant to refinance it now and have placed a much lower value on it (effectively cost) despite contracts and valuations.
Is there a lender someone knows who would take up the property as a completed one and lend against that? It is held in a DT and would need to be a Low Doc.
Thanks