Mortgage broker loan scenario of the week: Can you help?

This broker needs advice on a split contract construction loan. Can you help?

The land component of the deal has already been funded by Homeside, but the client is in need of construction finance . Here are the details:

• Split contract construction (common walls)
• Amount requested: $360k
• Product type: Owner occupied
• Loan type: Purchase
• Documents: Full doc
• LVR: 80%
• State: Vic

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