2026 Morocco construction credit: financing for construction companies and real estate developers

Developer credit is the flagship product of residential BTP financing. It finances up to 70-80% of construction cost (land + works + fees) of a real estate program. Funds are disbursed in tranches according to physical work progress (on-site verification by bank architect): 20% foundations, 30% shell, 30% second work, 20% finishes. Repayment happens progressively with sales (notary signature): each sale releases part of the loan. 2026 rates: 5.5-7% depending on risk and location. 2-4 year term. Minimum developer down payment: 20-30% equity. For large programs (> 100 M MAD), the bank may require personal guarantees from executives.

Every public tender in Morocco requires the bidder a series of bank sureties: (1) temporary surety: 1.5% of offer amount, deposited at submission to guarantee offer maintenance during file review (~60-day term), (2) definitive surety: 3% of awarded market amount, deposited at market notification to guarantee good performance (term = market duration + 1 year warranty), (3) advance restitution surety: 100% of advances received from contracting authority (often 30% at start), (4) good completion surety: sometimes additionally required. Tamwilcom covers 60% of these sureties via Damane Marché, reducing bank premium (1-2% per year) and facilitating obtention by BTP SMEs.