I have taken a look but haven't partaken.
why would you think that lending your money to a property developer is a secure investment ?
what happens if the small time property developer shuts down, and/or there is a property market correction ?
if they are resorting to higher interest rates than what a bank would charge, that makes me suspect that
perhaps the bank considers them too risky to lend to...... so why should I lend to them ?
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I have taken a look but haven't partaken. why would you think...
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Peter Batten, MD
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