TechMeister99
2025-05-13 11:21:46
- #1
Hello everyone,
we have purchased a single-family house plot in a large German city entirely with equity. Purchase price >800 TEUR. A new single-family house with a garage is to be built, building permit granted.
Debt financing is needed between 250-450 TEUR.
My question: Is there the possibility of "tranche financing" WITHOUT the obligation to draw the maximum amount? For example, registration of a 450 TEUR land charge with the bank. Fixed draw of 250 TEUR and then twice 100 TEUR "if needed."
Previous inquiries: I have spoken with the known mortgage brokers. Total loan 450 TEUR, 10 years, interest 3.1-3.2% for 10 years no problem. "Tranches" absolutely not.
What do you think? Thanks and regards
we have purchased a single-family house plot in a large German city entirely with equity. Purchase price >800 TEUR. A new single-family house with a garage is to be built, building permit granted.
Debt financing is needed between 250-450 TEUR.
My question: Is there the possibility of "tranche financing" WITHOUT the obligation to draw the maximum amount? For example, registration of a 450 TEUR land charge with the bank. Fixed draw of 250 TEUR and then twice 100 TEUR "if needed."
Previous inquiries: I have spoken with the known mortgage brokers. Total loan 450 TEUR, 10 years, interest 3.1-3.2% for 10 years no problem. "Tranches" absolutely not.
What do you think? Thanks and regards