SMI will send 500 million UAH for refinancing mortgage loans by year's end
State Mortgage Institution (SMI) to the end of 2011 ready to send 500 million UAH for refinancing of mortgages, said today during a press conference, Chairman Victor Mirgorodsky SMI. "Before the end of the year, we are ready to send funds to refinance mortgage loans worth 500 million USD. Mortgage loans may be provided by partner banks in accordance with the parameters and refinancing in the proved limit of refinancing. Our recommendation - providing the bank a mortgage loan at a rate of 15% per annum. For financial support of this bid the bank may obtain the necessary financial resources to six months at a rate of 11% per annum, "- said Mirgorod.
In addition, he noted that on September 1, 2011 SMI considered an application for funding, completion of unfinished construction projects worth over UAH 1 billion. "And are the results of this program, SMI is fully secured by cash of $ 341.1 mln completion of the first 17 objects, allowing to complete and put into operation about 240 thousand square meters of housing, which is more than 2.5 thousands of apartments. Financial resources for the completion of got through partner banks SMI developers such regions, such as Donetsk, Ivano-Frankivsk, Kyiv, Lviv, Kharkiv region and the cities of Kyiv and Sevastopol. "
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