Contractor and developer Impact Bucharest is planning to start a mortgage fund this year, in a bid to find one more source of financing for the company’s development programme. The programme has a ten-year life span and aims to see 5,000 houses built. Necessary financing amounts to 200 million dollars. The fund’s shareholders will be the future mortgage beneficiaries. “This is a much cheaper option than banking loans or even the participation of mortgage companies,” Impact officials say. ZF



Subiecte #fund#impact#launch#mortgage#oldid18639#to