Loan to value on new development
Started by anonymous
over 9 years ago
Discussion about
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I sign up now to buy let's say a $3 million condo for investment purposes which will be completed in 2 1/2 years and let's say in 2 1/2 years the market is stronger and the condo is worth $4 million. Where bank says they will lend me 70% will they lend me 70% of $3 or $4 million? I know what they will say if market goes down!