At least 75 years left on the lease. Then HOW can the Bank provide financing on this project. Don't they are the one worry the most. 🤔
TR RESIDENCE @ JALAN TUN RAZAK - V2.0, Titiwangsa (Owners & Buyers Thread)
|
|
 Apr 6 2018, 10:01 PM
Return to original view | Post
#1
|
 
Newbie
3 posts Joined: Jun 2017  
|
|
Quote|
|
Apr 7 2018, 05:53 PM
Return to original view | IPv6 | Post
#2
|
|
Newbie
3 posts Joined: Jun 2017
|
QUOTE(BEANCOUNTER @ Apr 7 2018, 03:08 PM) There is thing call bridging loan. Not really. Before the Bank can approve any bridging loan or housing loan, the bank also will consider other risk as well such as repayment risk. For example, if the borrower fail to perform their loan obligations the bank will aution the property... so the balance of the lease period is really a concern to the Bank. I'm sure the developer and the bank have some sort of arrangement before they can approve the bridging loan.Banks make from developer and buyers....no lose.....low risk Also max buyers can get is 40yrs loan, not 75 or 100yrs.  |
| Change to: |  0.0144sec
 0.51
 7 queries
 GZIP Disabled
Time is now: 21st December 2025 - 02:49 PM |
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Powered by Invision Power Board © 2025 IPS, Inc.