Landbank Funding
Where a property is acquired for future development and the developer is seeking a “hold” facility while development approval is in process, or trying to select a builder or obtain sales. As opposed to traditional lenders which lend only 50% of the land value, Need A Mortgage has access to lenders that are prepared to lend up to 66.66% of the value (independent of the purchase price) and in some circumstances up to 75% of the value.
Call to make a appointment today to discuss your needs.
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