Project Financing

Bridging loan (BL) helps to bridge developer cashflow during construction and pending receipt of sales proceeds from end-purchasers and/or their end-financiers. This is to ensure the continuation of the project until completion.

Features:

• BL for all types of property development catered for developers.
• Period of BL usually varies between 2 to 4 years but not exceeding the duration of the project.
• BL amount of not less than RM250,000
• The margin of financing of up to 40% of total development cost.
• BL drawdown is allowed up to 80% of the value and stage of construction work done as certified by architects/engineer certificate.
• Repayment is via dual mode of fixed installments and redemption of titles / Units whichever is the earlier.

Contract Financing

• The financing packages are specially conceptualized and created for any individual contract or project. The financing packages offered may differ between each as it would depend on the type of contracts that are engaged.
• The packages offered is to provide the needed financial means for each of the project’s phases.
• In the example of Construction projects, pre and post financing is available and can be arranged.