Refinance a property to complete another property

lonelyplanet

Frequent Poster
Messages
53
Hi,
I currently have a building that is rented out for 1500 Eur per month and performing very well with a value of approximately 140K. There is no outstanding mortgage but I would like to remortgage to enable the completion of a build that was never completed by previous owners. The estimated cost of completion is 100K and this property would command a rent of between 1500 and 2000 per month. I haven't approached any banks yet but wondering if there are any suggestions as regards which financial institutions or brokers I should contact.
Many thanks
lonelyplanet
 

lonelyplanet

Frequent Poster
Messages
53
Any ideas on financial institutions that would entertain the above scenario of remortgaging performing rental property for development of another.
 
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