What RoI to a short term financier?

Discussion in 'Loans & Mortgage Brokers' started by GregB, 4th Dec, 2016.

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  1. GregB

    GregB Member

    Joined:
    22nd May, 2016
    Posts:
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    Location:
    Gold Coast
    We have a small CTS development completely underway with land, budgets, professional consultants, plans, etc but could do with an extra $50+-K to underwrite initial development costs.
    If we could find a short term (12 months) financier, what annual RoI would they expect? 10%, 50% etc?
    Any suggestions?
     
    GregB, 4th Dec, 2016
    #1
  2. Westminster

    Westminster Tigress at Tiger Developments Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    11,357
    Location:
    Perth
    I've used a Westpac unsecured Flexi Loan for stuff like that and they allow $50k and as it's a normal product the rates are reasonable.

    Alternatively you're probably looking around `at least 20%

    Can you not get an overdraft or something like that?
     
    Westminster, 4th Dec, 2016
    #2
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