Heritable lease and bridge financing

Moment equity is sales proceeds minus outstanding debt including prepayment penalty. You have to realistically estimate the sales proceeds; otherwise, you might face potential additional financing which can be more expensive (e.g., subordinate loan). This equity must first be bridge financed during the construction phase. A completely normal process. For the rest, you need construction financing. At the current interest rate level, please do not choose 10 years^^ my personal opinion.

Alternatively, you could also transfer the remaining loan to the new property (security swap). You would have to calculate whether it is worth it and whether the bank agrees.

Alternatively, you could also transfer the remaining loan to the new property (security swap). One would have to calculate whether it is worthwhile and if the bank agrees.

This, for example, was considered by us, but the bank said: "sell first, then we'll see."
It is always somewhat more difficult with bank requirements when it comes to leasehold.

That, for example, was planned with us, but the bank said: "sell first, then we'll see." It is always a bit more difficult with ground lease when it comes to bank requirements.

Well, I can't really judge when it comes to ground lease... but surely there are also banks that can handle it.

What does the leaseholder actually say about your project? He does have a say in what he allows to be recorded in his land register. Especially the maximum amount of the land charge, etc...

What does the heritable building right holder actually say about your project? He does have a say in what he records in his land register. Especially the maximum amount of the mortgage, etc...

Since it is a loose contact, we do not know yet. However, according to reports from the neighborhood, the Catholic Church is quite straightforward in such matters.

The Catholic Church is quite uncomplicated in such matters, according to neighborhood reports.

That's true. They always think very long-term with their properties and are "happy" about a healthy, lasting return. Additionally, there is the social aspect, meaning family and social matters are also positively developed.

If you don't overdo it, quite a lot can be done very quietly there.