Impact seeks $10m loans

Realtor Impact Bucharest targets 25% growth this year, to be sustained by loans worth at least $10m, Ioan Popp, chairman and founder of Impact, told Ziarul Financiar. “We plan to contract works for 300 villas and start developing the residential areas in Oradea and Ploiesti. The optimistic scenario shows we can double turnover this year, but we would rather be realistic. First of all, it is an electoral year and, second, the banks are not involved enough in direct financing for the primary real estate market,” Popp mentioned. Impact is the first Romanian realtor that decided to sell villas in installments. ZF