The financial model has been built with downside scenarios in mind, including cases where land sales are delayed by 12 to 24 months. In such events, the structure remains resilient through a combination of:
A Debt Service Reserve Account (DSRA) pre-funded to ensure continuity of interest payments;
Phased infrastructure deployment, minimizing upfront capital expenditure;
Controlled discretionary spending during low-revenue periods.
In parallel, our actual commercial track record provides additional reassurance:
Over the past two years, the developer has consistently sold between 1 and 2 lots per month, without formal marketing or completed infrastructure.
With road and utility works being deployed in the coming months, we expect this absorption rate to accelerate significantly.
Should an extreme delay scenario materialize, the collateral structure and lot conversion mechanism are designed to preserve investor value and enable alternative exit options beyond cash repayment.