Are you a property developer looking for financing options for townhouse construction? Look no further than GILKO CAPITAL. Our townhouse revolving construction mortgages offer flexible financing options to help investors manage the cost of building townhomes, allowing them to complete construction on time and within budget.

What are townhouse revolving construction mortgages?

Townhouse revolving construction mortgages are a type of financing designed specifically for property developers building townhomes. With this type of mortgage, the developer is able to draw down funds in stages as construction progresses. This allows for greater flexibility in managing the cost of construction and ensures that funds are available when needed.

How do townhouse revolving construction mortgages work?

At GILKO CAPITAL, we offer townhouse revolving construction mortgages with a fixed limit that is based on the value of the property being developed. As construction progresses, developers can draw down on the mortgage in stages to cover the cost of materials, labour and other expenses associated with construction.

The amount that can be drawn down is determined by the percentage of completion of the construction project. As the construction project progresses and the property value increases, the amount that can be drawn down also increases.

Benefits of townhouse revolving construction mortgages

One of the main benefits of townhouse revolving construction mortgages is that they offer greater flexibility in managing the cost of construction. With traditional mortgages, developers often have to borrow the full amount of the mortgage upfront and pay interest on the entire amount, even if the funds are not needed right away.

With a townhouse revolving construction mortgage, developers can draw down only the funds that are needed as construction progresses. This means that interest is only charged on the amount of the mortgage that has been drawn down, which can result in significant savings over the life of the mortgage.

In addition to providing greater flexibility in managing the cost of construction, townhouse revolving construction mortgages also offer other benefits such as:

• Access to funds when needed:
  Developers can draw down funds in stages as construction progresses, ensuring that funds are available when needed.
• Reduced interest costs:
  Interest is only charged on the amount of the mortgage that has been drawn down, resulting in lower interest costs over the life of the mortgage.
• Greater control:
  Developers have greater control over the cost of construction and can adjust their plans as needed to stay within budget.

Conclusion

If you’re a property developer looking for financing options for townhouse construction, a townhouse revolving construction mortgage from GILKO CAPITAL could be the solution you need. With flexible financing options and the ability to draw down funds in stages, our townhouse revolving construction mortgages can help you complete your construction project on time and within budget. Contact us today to learn more.