Commercial properties financing
We offer the business entities attractive and modern forms of financing of the following commercial property:
The loan may be designed for:
The basic collaterals required by the Bank include:
for the purchase of commercial real property is granted on the basis of lease agreements for units in the building, signed for a specified time. Additionally, the outcome of due diligence – an analysis of the legal and financial status of the real property owner and the real property’s technical condition – must be positive
for implementation of new investment projects is divided into two phases:
Refinancing may apply to both the repayment of bank loans as well as own funds which had been involved in the project’s implementation in the past. The loan is granted on the basis of concluded lease agreements and may be designed for any purpose indicated by the Borrower. The lease agreements should be concluded for a specified time and should guarantee debt servicing at a minimum level of 120%.
The key advantages of the refinance loan include:
The model of commercial project financing is based on the “project finance” formula which involves the establishment of a special purpose vehicle in order to mitigate the risk, both on the Bank’s and the borrower’s side.
The special purpose vehicle is designed for the implementation of a specific project, needs to become the owner and the administrator of the refinanced real property, and its business operations should be limited to the activities connected with the real property’s ownership and administration.
The credit procedure is conducted in the following stages
Step 1 - Meeting with the Credit Advisor
Step 2 - Preparing the required documents
Step 3 - "Due-diligence" analysis of the project
Step 4 - Submitting the loan application
Step 5 - Signing the loan agreement and disbursement of the loan