This enables extension of credit to developers for construction or completion of housing units.
A property development company with pedigree in housing development
Below are fees and charges that you may be required to pay:
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A construction loan seeks to bridge the funding gap within your project. Our Bank through its Financial Advisory desk will help you determine what type of financing that will suit your project in line with your business model.
No. At TrustBond, our construction loan is disbursed in piecemeal based on project achievable milestones. This process not only serves as a monitoring tool for the Bank it also protects you against the incidence of cost overrun and time overrun.
You will submit a drawdown request to the Bank a fresh disbursement after the completion of an approved milestone. The Bank will carry out an inspection of the project to verify your claim and then seek management approval for disbursement for the next phase of construction.
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