Construction/Development Loans

Features

• Repayment period is determined by construction period and repayment capacity
• 60% bank financing of construction cost only to first time loan applicants or without any other property
• 70% or more bank Financing for those with extra security
• Bank will give Moratorium period during construction period where you ONLY pay the interest
• Client to finance land acquisition that is to be developed from personal sources
• Loan is self secured by legal charge over property to be developed