Hi everyone here, hope could get some help here. Thankss

Having some question with the loan part.

Me and one of my friends is looking for a unit.

Details:
Price-430k
Title: commercial
Unit- its a 442f mixed development condo. (Soho i think?)
Bank loan 80-85% max.
Project-under con, not yet launch.

Question is, i will take this property as investment in my idea, but i wish to know based on the current loan rate. How much i need to pay the interest for 4 years for 380k loan.

Is there any way to count it? Or a figure? Because need to count the payment, and check whether we have the fund. Banker are welcomed to pm/reply or and people have experience.

Will look for a loan later with the most help banker if figure out all those. Tqq

Thanks so much

hihi thanks for your reply.. but how do im not sure whats the drawdown amount.? can you clarify a bit ? appreciate