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 Bank loan for building shophouse

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TSjohnseamus
post Feb 28 2019, 12:51 PM, updated 7y ago

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Hi , I'd like to ask for my case here

My parents have a piece of commercial land in a popular part of nearby Ipoh town. They have surveyed and ask some architect which said that land is able to develop into two shop houses (many of the neighbouring landowners have also built similar shophouses).

I would like to know since we do not have the full amount of cash required to build the shophouses (450-500k) can we go and make some type of loan with the bank? What kind of loan will this be?

This post has been edited by johnseamus: Feb 28 2019, 12:52 PM
jokerneverdie
post Feb 28 2019, 03:40 PM

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QUOTE(johnseamus @ Feb 28 2019, 12:51 PM)
Hi , I'd like to ask for my case here

My parents have a piece of commercial land in a popular part of nearby Ipoh town. They have surveyed and ask some architect which said that land is able to develop into two shop houses (many of the neighbouring landowners have also built similar shophouses).

I would like to know since we do not have the full amount of cash required to build the shophouses (450-500k) can we go and make some type of loan with the bank? What kind of loan will this be?
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mind to leave your contact or pm me? i could help you on this

 

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