Terra Casa S.A., through its SPV company, has signed a loan agreement with mBank to finance Piastowska Residence, a new project in the vicinity of Blonia recreation area in Cracow. The mBank loan will finance 75% of the project value and the remaining amount will come from the company’s resources. The project completion date is scheduled for the 4th quarter of 2020.
– The construction of Piastowska Residence has already started. The project was enthusiastically welcomed both by prospective buyers and Cracow residents. It has also aroused great interest among investors, who appreciate both its architectural values and ultramodern technical solutions applied in the project, as well as Cracow development potential. The cooperation with mBank perfectly com-pletes the project and guarantees safe implementation of this prestigious investment – says Artur Tłustochowski, Terra Casa CEO.
– The success of residential projects is made up of such features as functionality, comfort and location. Piastowska Residence fulfills all these criteria and that is why we have engaged in funding this project. An important argument in our decision was our previous, successful cooperation with Terra Casa connected with the implementation of Art Deco Wola project in Warsaw – says Grzegorz Trawiński, mBank Director of Real Estate Finance Department.