JV and borrowing capacity

Discussion in 'Loans & Mortgage Brokers' started by JohnPropChat, 21st Jul, 2016.

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  1. JohnPropChat

    JohnPropChat Well-Known Member

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    How are the current rules with 2 people each with circa $700k in borrowing capacity to fund a bigger JV? Will the combined borrowing be a mil or higher?
     
    JohnPropChat, 21st Jul, 2016
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  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    It could be anything depending on the circumstances.

    but it may be more than the combined borrowing capacity of each - could be more than $1.4mil.
     
    Terry_w, 21st Jul, 2016
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