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Investment Building Loan
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We require a loan to purchase a house and land package as an investment. We choose the block and the house design. It then takes approximately four (4) months to completion. Do you have a suitable loan? We have guaranteed tenants.
1 Answer
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The type of loan would depend on the way your purchase contract is worded. If you need to put down your deposit and then complete the purchase once the property has been completed we may lend up to 90% of the property value. If you need to make progressive payments to the builder from the loan proceeds, you would need a construction loan – again a maximum loan amount not to exceed 90% of the property value.
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