LOAN FOR REAL ESTATE DEVELOPERS

Project Finance or Construction Funding is a unique proposition under which Flourish FinServ LLP offer service to avail requisite funding to real estate developers for projects they are developing.

 

1. Construction Finance Loan

 

ObjectLoans to Builders/Developers for developing and constructing Residential / Commercial Premises.
Loan termMinimum-6 Months
Maximum-5 years
Security & TitleMortgage of the land over which the building is proposed along with super structure. Personal Guarantee of the Partners / Promoters Corporate Guarantee (if required)
Disbursement of loanInstallments depending on the progress of work in the project, its funding requirements and availability of sufficient security cover.
Repayment of loanThrough Escrow Account.

REQUEST A NEW LOAN

2. Term Loan

ObjectTo Builders/Developers for business purpose.
Loan termMinimum-6 Months
Maximum-3 years
Security & TitleMortgage of the Security of adequate Value acceptable to Lender (Bank/NBFC) as may be deemed necessary. The Receivables from various ongoing Projects to be assigned in favour of Lender (Bank/NBFC). Personal Guarantee of the Promoters of the Company. Any other security as may be considered necessary by Lender (Bank/NBFC)
Disbursement of loanIn single tranche or in Installments based on the requirement of the Applicant Company as agreed mutually.
Repayment of loan

Advantages of taking Project Loan Through Flourish FinServ LLP