Mortgage structure

I assume this bank has given a valuation which is favourable to the developer.

If another bank would give a more favourable valuation then I do not doubt for 1 second that the developer would request buyers use that bank instead

Secondly here are the published SARON rates for Raiffeisen Genève Rive Gauche (which is independent from Raiffeisen Genève Rhone). Bank margin on Saron is lower - suggest OP asks them why
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