Bank With "Secure Loans" For Development Projects?

[Swiss1960]

Thanks for helping me find this information:

There was a thread some time ago (unfortunately my search does not find it) about a bank that started acting as intermediary between buyer and seller for development projects... The bank finances the development project, when you sign a contract for this project, the bank will keep the buyers pre-payments in special accounts and only release the buyers money to the building company when the builder fulfills his development plans...

This way the money of the buyer is safe and would be returned by the bank when the developer fails to fulfill the contract. It is a kind of "secured loan" for the buyer, for which he will pay some insurance fees on top of the standard loan interest rates.

Dear Moderators: Am opening this thread in both real-estate and banking forum, as I don't know where the information about the topic I am looking for might be found best. If this is not acceptable by you, please advice whitch topic my post is best located and delete in the other forum. thanks in advance.