Guaranteed Construction Financing For Developers
Start building sooner with our revolutionary pre-sale guarantee
Struggling to meet pre-sale conditions? Now you can get construction financing quickly and easily every time.
Many developers face delays in securing construction financing due to strict pre-sale conditions set by commercial banks leaving projects stuck in limbo.
We offer a unique pre-sale guarantee solution to help developers meet bank-imposed pre-sale conditions. If your bank requires that 70% of units be pre-sold before construction can begin but you’ve only secured 60%, we step in to cover the remaining 10% with a cash guarantee or approval letter on behalf of a third-party buyer. This allows you to unlock your construction financing and start building immediately.
As on-site sales progress, developers gradually replace the 10% of secured sales facilitated by Prevance. Once those sales are replaced, Prevance is repaid, ensuring a seamless and efficient process.
Get Your Development off the Ground Sooner
- Start construction as soon as possible
- Avoid financing roadblocks stalling your projects
- Facilitate bank approval with a flexible and secure solution
- Secure your sales as development progresses to cover your repayments quickly
- Work with experts experienced in property development financing
What we'll need from you
- Up-to-date financial statements
- CIPC documents for the borrowing entity
- ID and proof of residence for directors
- Approved term sheet from the bank
- Attorney confirmation that only 10% pre-sale remains
- Signed OTPs for secured units
- Proof of 60% bankable sales
- Photos and marketing material for the development
- Signed Prevance consent form
