Real property Promotion
What is it ?
It is a financing intended for real estate developers for the realization of their real estate promotion projects intended for sale or rental.
Eligibility
Credit Amount
Interest rate
The interest rate is fixed on the basis of the general conditions of the Bank in force, at the time of the submission of the request for financing.
Loan term
FAQ
It is medium and long-term financing aimed at financing real estate development operations intended exclusively for sale and/or rental.
The financing of real estate development is intended for any natural or legal person who meets the following conditions:
1. Have approval and registration on the national list of promoters.
2. Have a trade register expressly authorizing the property development activity;
3. Have full and full ownership of the land on which the project is based, justified by a notarial deed;
4. Justify a personal contribution of at least 30% of the estimated cost of the project;
5. Have sufficient guarantees.
1. Have approval and registration on the national list of promoters.
2. Have a trade register expressly authorizing the property development activity;
3. Have full and full ownership of the land on which the project is based, justified by a notarial deed;
4. Justify a personal contribution of at least 30% of the estimated cost of the project;
5. Have sufficient guarantees.
The interest rate is the prevailing rate set on the basis of the general conditions of the Bank.
In order to obtain a real estate development credit, please go to one of our BDL branches. The file consists of :
1. credit application dated and signed by the promoter;
2. A legalized copy of the approval;
3. A legalized copy of the valid trade register expressly authorizing the property development activity;
4. A legalized copy of the land site;
5. The articles of association and power of the manager authorizing him to contract loans and to alienate the company's corporate assets;
6. A financial situation of the promoter, the manager or the partners of the company;
7. The transaction data sheet duly completed and signed by the applicant for the loan;
8. A technical and economic study justifying the viability and profitability of the project;
9. A detailed estimate and quantity estimate by trade, justifying the estimated cost of construction;
10. Balance sheets and income statements for the last three (03) financial years;
11. Estimated balance sheets and profit and loss accounts over three (03) fiscal years;
12. Negative certificate;
13. . Building permit;
14. The tax and parafiscal position dating from less than three (03) months;
15. Guarantees offered;
16. Soil study (CTC Convention);
17. The plans approved by the CTC and the urban planning services;
18. A technical sheet of the project (typology of housing with surface area);
19. SAE expert report of the work carried out and remaining to be carried out for the construction.
1. credit application dated and signed by the promoter;
2. A legalized copy of the approval;
3. A legalized copy of the valid trade register expressly authorizing the property development activity;
4. A legalized copy of the land site;
5. The articles of association and power of the manager authorizing him to contract loans and to alienate the company's corporate assets;
6. A financial situation of the promoter, the manager or the partners of the company;
7. The transaction data sheet duly completed and signed by the applicant for the loan;
8. A technical and economic study justifying the viability and profitability of the project;
9. A detailed estimate and quantity estimate by trade, justifying the estimated cost of construction;
10. Balance sheets and income statements for the last three (03) financial years;
11. Estimated balance sheets and profit and loss accounts over three (03) fiscal years;
12. Negative certificate;
13. . Building permit;
14. The tax and parafiscal position dating from less than three (03) months;
15. Guarantees offered;
16. Soil study (CTC Convention);
17. The plans approved by the CTC and the urban planning services;
18. A technical sheet of the project (typology of housing with surface area);
19. SAE expert report of the work carried out and remaining to be carried out for the construction.
The duration of the loan can reach:
1. CMT (Medium-term credit) of 05 years maximum including 02 years of deferred for the operations of Real estate promotions intended for the sale and/or the hiring.
2. CLT (Long-term credit) of 10 years maximum including 02 years of deferred for the operations of Real estate promotions intended for the sale and/or the hiring.
1. CMT (Medium-term credit) of 05 years maximum including 02 years of deferred for the operations of Real estate promotions intended for the sale and/or the hiring.
2. CLT (Long-term credit) of 10 years maximum including 02 years of deferred for the operations of Real estate promotions intended for the sale and/or the hiring.
The amount of the credit can reach 70% of the total amount of the credit, land acquisition price included in the overall cost of the project.
The repayment of the loan is stopped quarterly.
1. The promoter has the option of repaying the loan in full or in part in advance, in one or more instalments, subject to prepayment interest under the Bank's conditions in force;
2. In the case of partial reimbursements in several tranches, it cannot be less than 20% minimum of the amount of the balance to be reimbursed.
1. The promoter has the option of repaying the loan in full or in part in advance, in one or more instalments, subject to prepayment interest under the Bank's conditions in force;
2. In the case of partial reimbursements in several tranches, it cannot be less than 20% minimum of the amount of the balance to be reimbursed.
The guarantees required from the promoter are:
1. First rank mortgage on land and buildings;
2. Partners' deposit for legal entities;
3. Professional civil insurance during the implementation period;
4. Ten-year liability insurance, running from the final acceptance of the operation;
5. Construction site all-risk insurance.
1. First rank mortgage on land and buildings;
2. Partners' deposit for legal entities;
3. Professional civil insurance during the implementation period;
4. Ten-year liability insurance, running from the final acceptance of the operation;
5. Construction site all-risk insurance.