Comparison of financing options - loan amount 430K

Good morning, of course value-enhancing measures are opposed to the financing requirement of 430,000 euros (otherwise we would hardly do it). We are financing at about 60% of the loan-to-value, as several banks consider the measures to be value-enhancing to a large extent. However, that was not the point of my question and also not about "previously discussed side issues". Our project itself stands and I did not want to discuss that either. Since I have been reading here for a while and have also read a lot in the financing area, I just wanted an assessment of my existing offers. And again on the subject of "blank payment" or better "advance payment," since this topic apparently heats up the mood: Of course, I am aware that after the advance I show the invoice to the bank. I do not want to use money here for purposes unrelated to financing. It is about having a certain flexibility. And as I already wrote beforehand, it would also be the case with our bank that we can get advances of up to 10,000 or 15,000 euros, once, but as long as the invoices are then submitted afterwards showing what was paid with it, and that is also planned, this "blank payment" can be drawn again. In any case, I thank those voices who dealt with my actual question. Have a nice day and best regards, Kate

Just a question, what does the bank do if a few customers go to the casino? Never have to submit a photo? Sparkasse transferred the 140,000 euros to your account?

When was that supposed to have happened? It would be nice for other consumers if you would name the Sparkasse,

The bank will not do this for every customer, but only for familiar regular customers who have had personal contact with the bank for years. What the bank does when you then go to a casino, I do not know. We never submitted photos. The gentleman from the bank then asked during the “inspection” if he could take photos. Our tenants, for example, declined, but that was not a problem. This was not that long ago, so it is still current. I only wanted to confirm here the experience of another user that this is not an isolated case. In my opinion, however, this advantage is only possible with the house bank if there is a long-standing, trouble-free business relationship and a basis of trust through personal contact. Then you can enjoy individual advantages from it, which certainly are not possible when concluding financing with a bank where you would be a new customer or which is done through an intermediary or online.

The bank will not do this with every customer, but only with known regular customers who have been in personal contact with the bank for years. What the bank does if you then go to the casino, I don’t know. We never submitted photos. The gentleman from the bank then asked during the "inspection" if he could take photos. Our tenants, for example, declined, but that was not a problem. This is not that long ago, so it’s still current. I just wanted to confirm another user's experience that this is not an isolated case. In my opinion, this advantage is only possible with the house bank if there is a long-standing, trouble-free business relationship and a basis of trust through personal contact. Then you can enjoy individual benefits that are certainly not possible when concluding financing with a bank where you would be a new customer or that operate through an intermediary or online.

I can personally confirm such a case as well. But here too, it is a Sparkasse and the borrower's main bank.

I am curious how my Sparda will handle it when I tell them that €30k remains from the loan and that it should be transferred as a blank payment, and if that is not desired, that they should put it into the KFW153.