Bridge loan for
small to medium sized developers
small to medium sized developers
Express Building (EB)
is a short-term bridge loan to bridge the delay between the issuance of NOA / LOG and the bank home loan take-out.
*UWI is a broker and not the lender
When to use EB Financing?
Problems
Solutions
Problem
Title is encumbered by bank, cannot proceed to home loan take-out
Solution
Avail Express Building and redeem title from bank and proceed with home loan take-out
Problem
No funds to complete unit and proceed to home loan take-out
Solution
Avail Express Building and complete unit and proceed with home loan take-out
EB Financing is an unsecured (no collateral) loan
Express Building Loan Terms
- Amount = Net proceeds shown in LOG/NOA
- Loan term = Validity of LOG/NOA
- Interest-only monthly payments, principal is due at maturity
* can be extended a maximum of 90 days provided an extension letter from issuer of LOG/NOA is presented / no prepayment penalty
How it works
- 1Developer submits business documents
- 2Upon approval, Developer submits post-approval requirements
- 3Developer receives funds
Financing solutions for Philippines' housing backlog