Lending

EGI (Erste Group Immorent)  provide you with the advantages of project financing for commercial and residential real estate objects.*

• long-term financing under conditions of delay in repayment of the loan principal for the period of object’s construction and commissioning
• project-generated income on the construction completion is regarded as a source of loan repayment
• term of lending is up to 10 years upon the construction completion
• main collateral is project assets

• SPC (Special Purpose Company) registered as a joint-stock company is a separate company, which is set up specifically for under-funded project;
• all permits and approvals needed for project fulfillment are available;
• equity invested into the project should be not less than 50% of the project budget;
• construction budget and construction schedule are confirmed by an independent Construction Expert;
• credit funds are granted as a non-revolving credit line, by tranches, according to the construction progress and confirmation of purpose use of previous cash disbursement;
• General contractor is a company which is experienced in building objects similar in scale and technical features and is known due to its good reputation and stable financial standing.

Each project is considered on an individual basis. The transaction structure is being worked out in close cooperation with a client, which will be in maximal compliance with the standards of Erste Group and assist a client in achieving his/her business goals.

In case you provide a business plan related to the project, our specialists will be able to prepare an individual Indicative Offer for you.

Should you be interested or have any questions, please, do not hesitate to contact us and discuss any issues.

Tel.: +38 (044) 499 77 70

Olexii. Romanenko@immorent.com

* a complete list of conditions is considered individually, including the peculiarities of a specific project.