Construction Finance for Real Estate Builder Projects
by Monei Matters
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More Details:
Real Estate Funding & Loans to Builders
Commercial Real Estate Loans:
Monei Matters has started its new product “COMMERCIAL REAL ESTATE LOANS” for small and mid size commercial and residential Real estate developers on a very competitive interest rates. The basic terms of the Loans under this segment are as follows:-
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Fast Loan Approvals.
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Loans available upto Rs. 500.00 (Five Hundred Crores) for a single borrower.
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Rate of Interest 12.35% to 14.50% PA.
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Loan available for Corporate & non- corporate small and mid size commercial and residential real estate projects.
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Loan also available for very small builders who are constructing builder floors on a very small plots.
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Loan available for minimum 06 months & maximum tenure of 8 years.
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Moratorium for construction period available.
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Loan available in shape of Overdraft facility with dropline facility.
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Take over of existing Loans is permissible.
Requirement criteria:
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Both New and old builders are eligible for loan application.
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Collateral security required upto 150% of the loan value. Collateral security may be Residential / commercial / industrial property having clear marketable title. Primary security of project land is not acceptable for collateral security purposes.
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Builder or promoters must have a satisfactory track record of this business line or having proper tie up for construction, sales and marketing for the project.
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Builders / Developers must have all necessary approvals from different Govt. departments to develop its project.
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For more details please contact 9313803227.
OR email us at – pradeep@moneimatters.com
More:- Loans , Finance , Home Loans , Bank Loans , Low interest , Construction Loans , Corporate loans , Real Estate funding.
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More than 10 Lacs satisfied customers with Monei Matters loan services.
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