The 12 things that a property development lender looks for before providing lending for a project!
The topic centers around what lenders are looking for when considering funding a property development project and the key things that they must know in advance.
Understanding what lenders want is crucial before seeking lending, and Moxin and Cheryl emphasized on it by explaining the importance of being prepared to answer their questions.
Lenders want to know the nature of the deal, the feasibility of the numbers, and the legal ownership of the project. They also need to understand who is running the project and the key decision-makers involved.
Moxin Reza along with Cheryl Leong highlighted the importance of establishing a good relationship with valuers and providing them with accurate and realistic information to ensure accurate valuations.
Click on the link below to download Australian Bestseller “A Millennial’s Guide to Property Investing” now!
https://www.amazon.com.au/dp/B0CRF48GGR
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Episode Highlights:
- 00:00 Welcome to Helpmebuy Property Podcast
- 05:02 Understanding Feasibility and Legal Ownership
- 14:13 Assets, Liabilities, and Personal Guarantees
- 24:10 Building a Relationship with Valuers
