Construction Financing
What is Construction Financing?
A construction loan or construction finance is a special kind of loan sanconed to help real estate builders to develop or construct a new real estate project.
- Initial Funding: Construction financing is the funding required to undertake a construction project. It covers expenses such as land acquisition, permits, labor, materials, and other associated costs from start to finish.
- Collateral: Lenders often require collateral to secure construction loans since the project itself is considered collateral. This could include the property being built, additional assets, or personal guarantees from the borrower.
- Risk Management: Construction financing involves careful risk assessment and management due to the uncertainties associated with construction projects, such as cost overruns, delays, or changes in market conditions. Lenders may impose conditions and monitoring mechanisms to mitigate these risks and ensure that the project remains on track financially.
Our Packages
We offer two packages for our investors:
Gold Package:
- Investors can access gold package with initial investment of 1 Lakh.
- Initial investment can be withdrawn after completion of 6 months.
- Investors will receive monthly interest payouts of 12% to 15% based of period of time they invest
Platinum Package:
- Investors can only get access to this package after they have invested 5 Lakhs with us in Gold Package.
- Investors will get all the benefits of the normal package.
- Additionally, We also provide investors with the choice of projects exclusively available for Platinum Investors.
Terms and Conditions
These terms and conditions ("Terms") govern the investment in construction financing offered by Fortunate Capex ("the Company"). By investing in our construction financing, you agree to abide by these Terms:
- Investment Amount: Investors can choose their investment amount based on the package they select, subject to the minimum investment requirements specified for each package.
- Early Withdrawal Penalty: In the event of an early withdrawal before the completion of the investment term, a penalty of 10 percent of the invested amount will be applied to the withdrawn funds. This penalty will be deducted from the withdrawal proceeds.
- Investment Returns: Investment returns, if any, will be distributed to investors according to the terms outlined in the investment agreement for each project. Returns may be paid periodically.
- Modification of Terms: The Company reserves the right to modify these Terms at any time, with or without prior notice to investors. Such modifications will be effective upon posting on our platform or notifying investors via email or other communication channels.