Bridge loan for
small to medium sized developers
small to medium sized developers
Express Building (EB) Financing
is a short-term developer bridge loan to quickly build a pre-sold home and scale a development pipeline
*UWI is a consultant and not the lender
When do developers use EB Financing?
Use Cases
Built Home
Bridges the bank mortgage disbursement delay to the residential developer
Home to be Built
100% construction financing to residential developers for pre-sold units with preapproved mortgages
Different ways for Developers to finance the construction of a home
| Loan Type | Scalable | LTC (1) | Max Loan | APR | Collateral |
|---|---|---|---|---|---|
| Express Building | Yes | 100% | <72% of Home Price | 15% - 24% | POA (2) |
| Investor Equity | No | <80% | <80% of Project Cost | 20% - 36% | n/a |
| Construction | No | <80% | <80% of Project Cost | 13% - 36% | Fixed Asset |
| Multi-purpose | No | <70% | <75% of Collateral | 13% - 36% | Fixed Asset |
| Contractor | No | <70% | <80% of Collateral | 13% - 36% | Fixed Asset |
- (1) Loan-to-Construction Costs
- (2) Power of attorney allowing uwi to step-in during a default to do the following:(1) finish construction(2) sell the unit(3) repay back lenders
Express Building Financing is a secured bridging loan
Express Building Loan Terms
- Amount = 100% of approved construct budget
- Loan term = Validity of SP3K
- Interest-only monthly payments, principal is due at maturity
*SP3K: Surat Penegasan PersetujuanPenyediaan Kredit (Letter of Confirmation of Credit Provision Approval)
HOW DOES EXPRESS BUILDING WORK?
- 1Developer submits business documents
- 2Upon approval, Developer submits post-approval requirements
- 3Developer receives funds
Financing solutions for Indonesia's housing backlog