DOM.RF Bank opened a credit line for the Vos'hod real estate development company. Funds in the amount of 5.1 billion rubles will be allocated to the construction of a residential complex Armani / Casa Moscow Residences in the center of Moscow.
The residential complex with a total area of 10,000 sqm will consist of two buildings with a height of 8 floors. The residential complex of 24 apartments will be located 1.5 km from the Garden Ring, not far from the State Tretyakov Gallery and the Muzeon Park of Arts.
“Project financing allows developers to dynamically launch projects of any complexity, to increase the pace of construction and commissioning of housing. DOM.RF Bank is ready to finance projects on the most favorable terms, provide high-quality expertise and support at all stages of the development cycle, ”said Anna Avdokushina, Vice President of DOM.RF Bank.
According to the nash.dom.rf as on September 23rd, about 68% of housing in Moscow (11,155 thousand sqm) is being built using project financing. A total of 16,161 thousand sqm of housing are being built in the region.
“With the support of DOM.RF Bank, we will create a unique residential complex in the historical center of our capital. It is important for us to preserve the original architectural appearance of the area and support the development of a comfortable urban environment. For buyers of apartments, our cooperation with the bank guarantees a safe transaction, since the project is being implemented according to a convenient scheme using escrow accounts, "said Marina Rudneva, Chairman of the Board of Directors of Vos'hod.
Please follow the link to learn more about the terms of project financing of DOM.RF Bank