Equity contribution for construction financing

Yes, that may be true, but there was also a land purchase or transfer involved, right? That also applies to us, but at first that has nothing to do with the [Grundschuldeintragung].

completely everything around the property purchase including a 20% surcharge as a building obligation and a 10% restriction of disposal which were added on top of the purchase price. Therefore, 3,000 for the mortgage does not fit.

I'll chime in here since I also have a question about this topic. We will (if I’m correct) finance an estimated 50-55% (including the KfW portion). In other words, we have a pretty good amount of equity. I think the construction will start sometime in late summer. I don’t know exactly when because the area is still being developed. In any case, I think I need to start taking care of the financing soon. My "problem" is that the equity will be needed for quite a while. If I have to provide it upfront, in the end I’ll have to pay commitment interest on the bank loan since for most banks it’s due after 6 months. How do I handle this most cleverly? Is it a matter of negotiation regarding the provision of equity? Or do banks exactly count on collecting the commitment interest?

Just talk to the banks. They have models for something like that.

since they are due at most banks after 6 months.

Actually, all banks with good construction conditions offer 12 months.

There are indeed also 18 months. But in the end, everything can be found somewhere in the conditions. If that is important to you, talk about it.