Developers Loans or Construction Finance is a unique offering under which we directly finances real estate developers for projects they are developing or intended to develop. This product comes with customized offerings built around real estate developer’s project acquisition and construction cost basis on detailed evaluation of the project by evaluators / appraisers.
The real estate industry requires a constant stream of revenue for various construction-related tasks. From the under-construction stage to the handover stage, developers must have funds available to ensure the timely delivery of housing or commercial units. Stalling a project mid-way owing to paucity of funds is a common problem faced by many housing and commercial development projects. Real estate developers can overcome this hurdles by availing our loans.
Why Construction Finance?
Standard Online Finance offers real estate developers the option of acquiring requisite funds for their proposed or ongoing (residential/commercial) construction projects against the project sales receivables. The project finance is given subject to the construction plan timelines and the verified credentials of the developer. The loan for the real estate also helps the developer acquire new properties and so on.
Is real estate developer finance for you?
As a developer, your primary target is the completion of the project at hand with strict adherence to timelines and buyer's satisfaction. However, it is not always possible to start and complete every project with the requisite project cost at hand. Often, developers rely on borrowing from the market as the development progresses or diversion of funds from other completed projects.
However, fluctuating trends in the market can freeze your finances and make it difficult to borrow from other sources. In such cases, you can prevent standstills in work by availing real estate finance with easy repayment options, door step services.