Impact increases loan from Garanti Bank

by   CIJ News iDesk V
2023-12-05   09:52

Impact Developer & Contractor increases the amount of the loan taken out 2 years ago from Garanti Bank and sets maturity in 2026.

The company has signed a contract for a credit facility of EUR 3.50 million with Garanti Bank, with the mortgage guarantee of Bergamot Developments, a company it owns almost entirely and which is developing the Luxuria Residences project in Bucharest. The new agreement increases to EUR 5.48 million the amount of the loan taken out with the same credit institution in November 2021. The maturity of the loan is 31 December 2026.

Impact Developer & Contractor is 57.76 percent controlled by businessman Gheorghe Iaciu and also has Adrian Andrici as a relevant shareholder with 12.72 percent.