The TRUTH About Construction Loans: What Doctors Don't See Coming | Ep. 35
Episode Description
Join 28,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors
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In this episode, we’re joined once again by Eloise Dooley, Director and Finance Broker at Two Birds One Loan, and the lending partner for the IFD Group. Eloise talks about why misunderstanding construction financing is more costly than the renovation itself, when a simple equity release is sufficient, and when doctors must opt for a full construction loan.
She also discusses how banks value your home before and after major structural renovations, why progress payments and builder contracts are critical to your project's success, and how running out of cash mid-build can leave you trapped with unfinished projects.
If you want to avoid costly lending traps, navigate renovations with financial clarity, and confidently transform your home without unnecessary stress, make sure to listen to this episode!
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TIME STAMPS:
00:00 Hook/Intro
01:43 Eloise Dooley's Background and Commercial Lending Basics
07:28 Lease Doc vs. Full Doc Loans
17:53 Navigating Commercial Lending Processes
24:02 Choosing the Right Lender and Managing Risks
32:30 Annual Reviews and Loan Rollovers
37:37 Conclusion/Outro
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SHOW NOTES LINKS
https://au.linkedin.com/in/mian-bi
https://www.linkedin.com/in/elouisehaynes/
https://www.twobirdsoneloan.com.au/
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LISTEN TO THE PODCAST
Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN
Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608
Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast
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FIND US HERE
Website: https://ifdgroup.com.au/
Facebook Group: https://www.facebook.com/groups/investingfordoctors
Facebook Page: https://www.facebook.com/investingfordoctors
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DISCLAIMER
The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.