I've been given the not-entirely-unexpected news that my big four bank won't finance a four-unit development (in Melb) under a resi loan.
The scenario is that we will keep all four when they are built so pre-sales isn't an issue.
Are there any banks which will finance this under resi terms? If so, which ones best to try?
We are in a good financial position, have build quotes, council permits etc all lined up.
The scenario is that we will keep all four when they are built so pre-sales isn't an issue.
Are there any banks which will finance this under resi terms? If so, which ones best to try?
We are in a good financial position, have build quotes, council permits etc all lined up.