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hello anthony alabakov i wanted to give an update today on a great new market in the low doc construction space so people can now apply for an 80 loan to build two townhouses and a 75 loan to build up to four townhouses so to give an example if someone wanted to build two townhouses and the end values of those two townhouses are two million dollars you can borrow 80 which is 1.6 million dollars then you deduct the construction cost from that figure as well as the land value and the interest capitalization which is a calculation well help the clients with and often theres not a lot of money to actually be put in by the client to get the development funding underway quite similar if youre building three or four townhouses you can buy up to 75 of the end values so um the bigger the project typically the less contribution that will be need to be made but the beauty about this product is you dont have to verify income for serviceability by using tax return
