Short-term unsecured bridge loan for residential developers covering the gap between mortgage approval and disbursement.
Express Building (EB) Financing provides unsecured short-term bridge loans for residential developers in the Philippines and Indonesia, covering the delay between Notice of Approval/Letter of Guaranty issuance and bank home loan disbursement. Loan amounts equal net proceeds shown in the LOG/NOA, with interest-only monthly payments and the principal due at maturity. Extensions up to 90 days are available with an extension letter from the LOG/NOA issuer, with no prepayment penalty. Express Building Financing is a product of Express Building.