BANK FINANCE – report
Type
residentialService
BANK FINANCE – reportAddress
Templestowe, VICCost
$1.7m project costWe completed a Bank Prefunding Report for a home owner seeking construction finance for their new home in Templestowe VIC. The project is a 500m2+ two storey home featuring 4 bedrooms, lounge study, kitchen, butlers kitchen, dining, living, garage, terrace and tea room in Templestowe VIC.
As the client was looking to commence construction as quickly as possible it was crucial that we deliver the report within a short 4 day time frame.
With the Bank Prefunding Report its crucial that we maintain our strict procedure in preparing background checks on the builder to ensure they are appropriately qualified and to verify the validity of the project to ensure it is not underquoted. We request certain high level documentation to help minimise risk on the home owner and risk to the bank.
We delivered the report which was approved by the bank to great satisfaction of the client.