Baseline monitoring review
The testing file now records the baseline programme, cost plan and proposed drawdown checkpoints.
Development finance Elevated riskTesting experience — no real money
Madaba Green Quarter — phase one
Test a monitored development-finance facility for 24 family homes with milestone-based drawdowns.
Opportunity overview
Madaba Green Quarter — phase one
A development-loan test case with sponsor equity, an independent monitoring surveyor, cost contingency and staged releases after verified work.
TargetJOD 2,400,000
Minimum test reservationJOD 1,000
Projected annual return10.5%
Target term24 months
43%JOD 1,032,000 reserved in testing
A forecast based on stated assumptions. It is not guaranteed and is not realised performance.
Financial model
Minimum closeJOD 2,000,000
Maximum raiseJOD 2,700,000
Developer contributionJOD 850,000
Independent valuationJOD 4,400,000
Use of funds
Construction worksJOD 1,760,000
Infrastructure and utilitiesJOD 420,000
Controlled contingencyJOD 220,000
Fees and costs
Illustrative arrangement and monitoringPaid by the developer; shown in the project cost plan
Ownership and funding structure
Security or ownership rank
Illustrative senior security package over the project company and land; enforceability requires legal confirmation.
Planned exit
Repayment from completed-home sales or approved refinance. Both routes can be delayed or fail.
Returns, repayment, property value and liquidity are not guaranteed. Capital could be delayed or lost in a live investment.
There is no guaranteed early exit. A future transfer facility would depend on regulatory approval and an eligible buyer.
Due diligence
Title and encumbrance evidenceEvidence reviewed for testing
Independent valuationEvidence reviewed for testing
Feasibility and cost planEvidence reviewed for testing
Beneficial-owner checksEvidence reviewed for testing
Conflicts reviewPending review
A relative platform classification, not a guarantee or credit rating.
Key risks
Planning, contractor, cost and programme failures can stop or delay completion.
Security enforcement can be slow, expensive and insufficient to repay all capital.
Projected interest is not rent and is payable only if the borrower can repay.
Downside case
A 12% build-cost overrun and six-month sales delay use the contingency and reduce the forecast developer margin from 21% to 10%.
Documents
Development finance memorandumDisclosure version 0.9 · Evidence reviewed for testing
Cost plan and feasibilityDisclosure version 1.0 · Evidence reviewed for testing
Project updates