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Articles - loans

Local businessman gets EUR 9 million loan for real estate project in Cluj-Napoca

Family of Romanian businessman Vasile Pușcaș gets a loan up to EUR 9 million from Libra Bank, in order to finance the construction of a residential project in Cluj-Napoca. The project is developed on a part of the former Ursus beer factory platform, demolished in 2012 by SABMiller group.

Spanish developer borrows EUR 9 mln to build residential project in Bucharest

Spanish company Gran Via has borrowed RON 40 million (EUR 9 million) from Libra Internet Bank to cover 65% of the construction cost for its new residential project in the west of Bucharest.

Impact gets 51 million lei loans for the development of the Cartierul Salcâmilor project in Northern Bucharest

Real estate developer Im­pact Developer & Contractor (IMP), controlled by the businessman Gheorghe Iaciu, announced on the stock exchange that the company got a mortgage loan for real estate investments of 29.2 million lei from Libra Internet Bank in order to finance the construction of the residential district Cartierul Salcâmilor, second phase of the Greenfield project, situated in Northern Bucharest.

Portland Trust gets EUR 77.1 million loan from BCR for the first phase of Oregon Park

Shareholders if the company Portland Trust, founded and controlled by the British businessman Robert Neale, decided to borrow EUR 77.1 million from BCR for the construction of the first office buildings within Oregon Park project in development on the former industrial platform Pipera.

Companies in constructions and real estate have the highest credit risk

The companies active in the constructions and real estate sectors still have the highest credit risk, the underperforming loans rate reaching 24 pct in the end of June.

This year’s acquisitions increased Globalworth’s debts with EUR 162 million

Globalworth’s debts, the company owned by businessman Ioannis Papalekas, have increased in the first semester with nearly EUR 162 million, to EUR 363 million, reaching 44.9 pct. of the portfolio’s value, following the real estate projects acquisitions made this year.

AFI Europe receives EUR 39 mln loan for AFI Park 4&5 in Bucharest

AFI Europe has signed a financing agreement totalling EUR 39 million for finalizing the construction of AFI Park 4&5 office buildings, say company representatives.

Real estate developers looking for EUR 250 million to continue projects

A series of real estate developers will be looking to attract this year bank financing of approx. EUR 250 million in order to continue the mall and office projects, the most important funds being necessary for the construction of the ParkLake Plaza mall in Titan and of the office tower Bucharest One in Calea Floreasca, according to ZF analysis.

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