Expobank LLC provides to Kvartstroy Holding credit facilities with the total limit of 220 million rubles for financing the Bulatnikovo Residential Estate Project construction at the address: Site No. 3, near Zhabkino Village, Bulatnikovo Rural Community, Leninsky Municipal District, Moscow Region.
Dmitry Ganushkin, Expobank LLC Deputy Head of the Board, says: "The Project is aimed at constructing affordable housing that is quite popular now and enjoys a stable demand. Financing construction is a promising line of business for the Bank, and we develop it successfully.”
KVARTSTROY Company begins construction of the Bulatnikovo Real Estate in 2013. Currently the project is at the stage of preparing permits, licenses, and approvals. The project is a modern, low-storeyed and comfortable residential zone of economy class, in the vicinity of Moscow. Its total area is 59,000 sq. m. The project includes a kindergarten, an elementary school and a complete range of recreational and sport infrastructure.
The Expobank specialists conducted a thorough due diligence prior to making a decision. All the aspects were considered, including the design documentation status, location, construction quality, the total concept of development and social infrastructure, as well as the quality of planning solutions since they impact liquidity of future apartments and offices.