Last Mile Funding / Loan Against Unsold Inventory

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Last Mile Funding / Loan Against Unsold Inventory

Last Mile Funding / Loan against Unsold Inventory are designed to free up the capital for developers to pursue their growth and other business agenda.
Instead of waiting for cashflows to come over a period of time, the developer can prepone the cashflows by taking a loan against the unsold inventory.
Repayment of the loan happens from the sales proceeds.

Object

  • To Builders/Developers for business purpose
  • Funds can be utilized to complete the project in which security is given
  • Funds can be utilized to complete any other project
  • No End-Use Restriction in case of NBFCs – Funds can be utilized to purchase a land parcel

Security & Title

  • Mortgage of the security of adequate value acceptable to the lender
  • The receivables from the same project / various ongoing projects to be assigned in favor of lender
  • Personal guarantee of the promoters of the company.
  • Any other security as may be considered necessary by the lender

Loan Term

  • Minimum – 1 year
  • Maximum - 3 Years

Disbursement of loan

  • In single tranche or in instalments as required by developer and mutually agreed between developer and lender

Repayment of loan

  • Through Escrow Account