Financing the purchase of land is possible with DEXTER
It is always key for a financial operator to have the greatest degree of certainty as to how and, very importantly, when it will be possible to repay a loan. In the field of real estate financing, and when it comes to facilitating the purchase of land, a clear obstacle is that it is an asset for which the administrative processing times until it becomes a building plot are often long and even unpredictable.
Even so, DEXTER makes it possible to finance up to 50% of the purchase price of finalist land, with project and licence, ready for construction. At the same time, it is helping to finance the development of land on which construction will take place, insofar as the entrepreneur-applicant can guarantee that within 24-36 months he will be able to repay a loan that is largely repaid through the sale of some of the developed plots.
Rare are the provincial capitals (Malaga or Madrid, to cite two representative cases) that do not have land under development on their outskirts, and therefore investment in urbanisation is certainly going to be notable in the coming years, with one challenge and one objective: that these plots of land will end up as housing.
From DEXTER's Risk Analysis Department, its director, José Enrique Chasserot, points out, however, that "the fastest case, in which we act with the greatest immediacy, in a matter of days, is that in which there is already a building permit, the execution is going to be carried out and, not having paid for the land in full, we help to cover it by financing up to 50%, thus combining credit for the purchase of land with the classic developer credit and the first building certification", concludes Chasserot.
Financing for the purchase of land is possible with DEXTER
It is always key for a financial operator to have the highest degree of certainty about how and, very importantly, when it will be possible to repay a loan. In the field of real estate financing, and when it comes to facilitating the purchase of land, a clear obstacle is that it is an asset in which the administrative processing times until it becomes a buildable plot are often long and even unpredictable.
Even so, DEXTER makes it possible to finance up to 50% of the purchase price of final land, with project and license, ready to build. At the same time, it is helping to finance urbanization works on land on which construction will take place, to the extent that the businessman-applicant can guarantee that within 24-36 months he will be able to repay a loan that is largely repaid with the sale of some of the urbanized plots.
Rare are the provincial capitals (Malaga or Madrid, to cite two representative cases) that do not have land under development on their outskirts, and therefore investment in urbanization will certainly be notable in the coming years, with one challenge and one objective: that these plots of land end up as housing.
From DEXTER's Risk Analysis Department, its director, José Enrique Chasserot points out, however, that "the fastest case, in which we act with greater immediacy, in a matter of days, is that in which there is already a building permit, the execution is going to be carried out and, since the land has not been paid in full, we help to cover it by financing up to 50%, thus joining credit for the purchase of land with the classic developer credit and the first construction certification", concludes Chasserot.
