It is an achievement for Supera Holding to have Caixa Econômica Federal as a supporter of our business, endorsing our differentials in terms of security and commitment to our clients.
The process of this partnership was conducted rigorously by Caixa Econômica Federal and Supera Holding met all the necessary requirements to provide this type of financing.
The projects were assessed by Caixa Econômica Federal and analyzes were carried out in various areas: legal, technical, commercial and engineering assessments.
All of this validates our client's confidence in investing in Supera Holding developments.
Caixa Econômica Federal's Associative Credit is a specific line of credit that refers to the association between the bank, the developer and the client. The developer is responsible for the work and Caixa Econômica Federal for the guarantees of delivery of the project, as well as the financing.
It's the safest way for buyers to finance a property in the ground or under construction phase.
Joining associative credit has several advantages:
- Caixa Econômica Federal only starts charging amortization from the moment the developer hands over the project. In practice, the buyer only begins to repay the loan when the work is finished and the key to the property is handed over.
It's important to mention that during the construction period, the buyer's payment commitment will be for interest, which is interest due on the capital lent by Caixa Econômica Federal, which is calculated according to the progress of the work, which generally corresponds to the average value of 30% of the first installment after delivery of the project, and the amount relating to MIP (Death and Permanent Disability) insurance, which guarantees payment of the outstanding balance in the event of permanent disability or death of the buyer. These amounts will be paid directly to Caixa Econômica Federal.
The amortization of the financing and the DFI (Physical Damage to the Property) insurance, as well as the interest and MIP insurance mentioned above, start to be paid as soon as the project is handed over;
- Another advantage is the predictability of the interest rate, as it guarantees that no external factors will interfere with the rate initially contracted until the project is delivered. The outstanding balance is frozen and there is no adjustment during the construction period. Until the construction is registered (or the Habite-se is registered) by the developer, the amounts contracted with Caixa Econômica Federal will not be adjusted by the CUB - Basic Unit Cost, one of the main indicators in the construction sector;
- Another financial advantage is the saving on Land Registry costs. When buying a property on the ground, it is possible for ITBI costs to be calculated based on the value of the ideal fraction of the land and not on the value of the property built, thus generating considerable savings compared to traditional financing;
- In addition to all these advantages, by contracting financing through associative credit, the buyer is also contracting the solidity of the developer who has undergone rigorous screening with Caixa Econômica Federal in order to grant this possibility. The developer is also obliged to take out Engineering Risk and Work Completion insurance with Caixa Econômica Federal, which guarantees that the work will be completed.
Supera Holding currently has this modality for the units in towers E and F of the Vivendas Home Club development and for the Cyano Smart Residence development, both located in São José, in the metropolitan region of Florianópolis/SC.
Contact our associated brokers Mafra and Roman and sign up!
Important:
I. Credit analysis by Caixa Econômica Federal is compulsory to join this program;
II. All rules relating to financing are the responsibility of Caixa Econômica Federal, and the developer is exempt from this responsibility.