Impact Developer & Contractor has secured two lines of financing for real estate development from CEC Bank – Constanța. Their total value is about EUR 10.6 million, being one of the largest amounts granted so far to a developer on the residential market in Constanța.
The first loan, worth approximately EUR 9.9 million, will be used by Impact through successive withdrawals, depending on the evolution of the works within the Boreal Plus project. The second loan, worth about EUR 700,000, will be used to finance the construction VAT.
“We are delighted with the support and trust offered by CEC Bank for advancing the Boreal Plus project in Constanța. Securing such a loan with a prestigious and traditional institution such as CEC Bank is proof of the company’s stability and our solid long-term growth prospects. We would like to thank the entire CEC Bank team from Constanța for all the support offered in the process of obtaining the two loans!”, said Tinu Sebeșanu, CEO of Impact Developer & Contractor.
