Benefits of last mile construction financing:
Completion of Project:
The credit history of borrowers is the basic factor which determines whether they have an ability to repay debt on time and in full.
The income and employment history of the borrower also influence the regularity with which monthly instalments are paid..
Attracting investors and Buyers:
Project completed on time and with high quality is more likely to attract potential buyers and investors. Last mile financing can therefore help increase the projects overall marketability and success.
Construction projects that are completed on time can boost local economies by creating jobs, raising property prices, and generating tax money. Furthermore, it has the potential to stimulate economic growth and urban revitalization in the surrounding area.