Meaningful special repayment in split construction loan

Is that a typical Volksbank characteristic? Or why are you asking specifically about the Volksbank?

Yes, it is related to refinancing. Often the first lien does not even come from the Volksbank (but rather loans in their own name, but on behalf of others).

Yes, it is related to refinancing. Often, the first lien does not come from the Volksbank (but loans in their own name, but on behalf of others).

Does that have specific advantages or disadvantages?

Does that have any specific advantages or disadvantages?

Yes, partly better conditions and longer terms. The majority of Volksbanken cannot and do not want to finance for more than 10 years. Some do not take any financing into their own books anymore. They are afraid of interest rate risk.