News Article Bucharest BVB Impact Developer & Contractor loan OTP Romania
by Property Forum | Investment

Romanian Impact Developer & Contractor has secured a €5 million loan from OTP Bank for the refinancing of investments. 

The loan was granted to a subsidiary of Impact Developer & Contractor through which the company developed the complex Luxuria Residence in Bucharest. 

Impact Developer & Contractor said the loan will be reimbursed on a quarterly basis for a period of 36 months. 

Shares of the developer closed flat at 0.69 lei on Thursday evening on the Bucharest Stock Exchange (BVB). Impact Developer & Contractor has ongoing residential investments in Bucharest, Constanța and Iași.