Hi Allurians,
Just wondering, did anyone have any issue with bank valuation for construction with NAB or any other bank recently?
NAB has just undervalued our construction in Freemont circuit, Allura significantly (even though the land valuation was perfect). Now,they're undervaluing all together around 50-60k which seems to be unbelievable and crazy. we think ,the valuation person was in hurry before Christmas and holiday session and that ruined our Christmas break. in our construction contact with PD we have no major upgrade. so it's not making any sense to us and it's very frustrating all together when our construction start is due on February 2014.so if anyone can share their experience and give us any tips that would be highly appreciated.
Thanks.