Bridging Development Facilities

Interim financing from commencement of project until inflow of sales proceeds.

Features

  • Financial Assistance

    Address shortfall in financing requirements.

  • Project Financing

    Financing the cost of project development.

  • Progressive Payments

    Financial disbursements on a progressive basis.

Eligibility

  • Residential Property Development.

  • Commercial Property Development.

  • Industrial Property Development. 

Documentation

  • Company write-up.

  • Certified true copy of Form 24, 44 & 49 and Memorandum & Articles of Association.

  • Certified true copy of 3 years' Audited Accounts (not more than 18 months old from the application date) and latest Management / Draft Accounts (not more than 12 months old from the application date.

  • Top 3 suppliers and buyers.

  • Latest debtors and creditors ageing reports.

  • Existing bankers and banking facilities.

  • Latest 6 months’ current account statements with all banks.

  • Projected Profit & Loss Accounts & Cash Flow Projection for 2 years.

  • Information on net worth such as reported income, Fixed Deposit/Term Deposit receipts, Borang BE etc.

  • Information on directors / shareholders / partners / prime mover's net worth.

  • Lists of completed projects, projects in-hand (inclusive of project tenure and % of completion) and projects tendered (if applicable).

  • Photocopy of property title / Valuation Report / Sale & Purchase Agreement.

  • Duly completed application form / Letter of Application.

  • Any other documents required by the Bank.

Pricing

Up to BFR/BFL + Attractive Interest/Profit Rate

 

Subject to customer’s acceptance and compliance of all documentation.

*Terms and conditions apply.