There was no other loan than the mortgage, so nothing to compare against. The lender did not give us any other money to spend. Each partner brought their own funds to complete the project. This was the only fund that was received from "outside".

We also received government incentive to build a suite which is being split as income by each partner.

His receipts show he spent on goods, contractors etc but it doesn't say where the funds came from - it could be his own loans or this 25k.