• Category - Development loan
• Payment frequency - Monthly interest payments
• Collateral - 1st rank mortgage
• Country - Moldova
• LTV - 50%
  
  

The Area
The city of Chisinau is located within the elevated woodland area of Codr. Its land is full of black soil, which is ideal for agricultural development. Just outside of Chișinău is Milestii Mici Village, a winemaking plant which boasts cellars with the largest collection of wine in the world with more than 1.5 million bottles!

The hotel is located on the territory of the new European district of Chisinau METROPOLIS - a premium residential sector with the most sophisticated infrastructure and the most modern architecture in the capital. METROPOLIS itself is conveniently located only 5 minutes from the airport and 10 minutes from the center of the city. Green parks, a lake, a Botanical garden, educational institutions, shopping centre and even a zoo - all are within arm's reach for anyone who values time and has no compromises to their convenience.

The property
In the Botanica sector, Dacia street 59, Chisinau, real estate development project is being constructed with a cadastral number 0100119.465 and 0100119.465.01. As of today, the progress of construction is 53% ready. This is a unique full-featured apartment hotel and event business center, aimed at both the local business audience and businessmen coming to Moldova for business meetings and projects. It consists of 11 floors, 158 apartments (5,160 m2) and commercial premises (440 m2). The total area of the building is 9,344 m2. The infrastructure next to the hotel is well-developed. The visitors will be able to find a full range of restaurants, a sports centre, swimming pool and cinema just a few minutes away from the hotel. The cleanest and green area of the city will allow just to walk, enjoy nature and to breathe fresh air. Besides, the largest Metro Cash and Carry, agricultural university in the area and close proximity to the airport will attract young people, as well as tourists to live in this fast-developing modern district.

In the long term perspective, developers are confident that the METROPOLIS Hotel & business center can become one of the indirect engines of the Moldovan economy, due to the number of successful and profitable business contracts concluded with potential foreign partners.