Commercial buildings

Project

Refurbishment and extension of an existing commercial building composed of office spaces, manufacturing spaces, warehouses and parking lots located in France. Pay back of existing mortgages for €2'400'000 + construction costs of €6'000'000.

Property’s value after renovation

€13'000'000

Morgage

€8'000'000

20 years repayment or lease loan on 10 years with balloon payment

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Bank

French business bank