Real Estate Development - Case Study3

Case study: Financing a new construction

Real Estate Development

Using their own funds, a property developer purchases land and acquires the necessary permits to construct a premium residential apartment block. In order to finance the building work, Westend Bank provides a loan secured against the value of the site.

As the project progresses, the developer begins to market the apartments to potential buyers. They repay the loan gradually as they sell each unit until it has been repaid in full.

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