No disbursement of funding - Tax office is slow

Hello everyone,

my husband and I are involved in the construction of a terraced house in Brandenburg.
At the beginning of August, the notary's letter was sent to the tax office, and since then nothing has happened.
There are 5 terraced houses, with construction, or rather the foundation slab, scheduled to start in December. It is a house built with a timber frame and will be prefabricated in Sweden. The walls, etc., will arrive here as whole parts.
It is stated in the contract that the first installments to the construction company must be paid 4 weeks before the start of construction. After the foundation slab is completed, another part is due, and so on.
Now we still don't have access to our financing. The tax office told us that the applications are processed in order. At the end of September, they were processing applications from May; at the beginning of November, they are already at June. So you can figure out when it will be our turn.
The company wants to start now because the other parties are pushing. They seem to be paying the first installments from their own capital; unfortunately, we are only covering the incidental costs.

The construction company told us that they delay our invoices as much as possible, but eventually they are due. If we don't get our loan by then, nearly 8% interest will be charged monthly.
With the construction costs and the corresponding installments, that could be around €3000 and more, which we cannot easily pay on the side.

Does anyone have any idea what we can do now?

Thanks in advance for any tips. I feel really sick just thinking about it.

Best regards

What does the tax office have to do with the financing? This point is not yet clear to me and may require a little explanation...

On what grounds is the bank refusing? Who owns which property? What about the land charge?

Which 8% and how does the person who says that arrive at this? And for what amount 8%? Surely not per month? Hardly monthly, right?

Thank you for your answer.

So here is the situation: The bank only releases the money from the financing once the land register entry has been made or the notary confirmation is available. Both happen only after we have paid the property transfer tax, for which we need the property transfer tax assessment notice. The bank only pays out the money then. The construction company also wants a bank guarantee, which is only given with the certificate of clearance.

The land is leased from the church, the land charge has already been ordered, and the church has given a consent and standstill declaration. I hope I’m not mixing anything up now...

The construction company demands 8% as an interest rate on the due installments of the construction sum. The construction contract specifies 6 installments and when we have to pay what. And yes, monthly.

The construction project is supposed to last about 4 months, whereby a large part of the construction sum becomes due to the construction company in the 2nd month.

The payments are usually to be made according to the construction progress. That means the payment 4 weeks before the start of construction and after the foundation slab is probably not so generous. How does it look with equity? Ah, I just read that this is for the incidental costs. Clarify with the bank whether the equity can now be taken as an advance payment since the loan payout is not yet possible? But yes, what does the tax office have to do with it?

Ah ok then my contribution is unnecessary.

Thank you milkie: Since the construction project is supposed to proceed quickly anyway, there was already a first construction phase that was partially ready to occupy after 3 months, a large part of the amount is already due in the 2nd month, after covering the roof truss.