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We have mainly two options of financing the property. They are, 1. We will be financing the construction as well as land costs with our own money and after completion of construction, transfer the property in the buyers name. In this case, buyer will be paying a prorated interest for the total amount according to the market rate. We require the proof of the financing capacity of the buyer before starting construction. 2. We will build on the buyers property. We will divide the construction phase into 10 equal parts and accept 10% of the total amount after completion of each phase. This will keep the customer in the safe side and avoid the overpayment of money to the general contractor.
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