OJSC “Kreditprombank” offers to construction companies, engaged in construction of residential buildings, lending on security of construction equipment, real estate and/or proprietary rights for real estate, which will be constructed in future on the following scheme:

• Bank is lending construction company (Developer) by means of opening tranche credit line on security of construction equipment, real estate and/or proprietary rights for real estate, which will be constructed in future at the expense of Construction Financing Fund (CFF), organized by the Managing bank of CFF for Developer’s objects;
• Bank accumulates monetary funds of investors-trustees, received as contributions on the basis of agreements about participation in CFF with trustees, on the account of CFF, on behalf of which it finances Developer according to the signed before financing schedule and construction estimate;
• If necessary the bank is lending trustees on security of proprietary rights for investment objects, which are the part o property to be constructed in future by the Developer;
• The bank makes contractual writing off of part of funds for loan repayment to full loan amount refund from the monetary funds, transferred to the current account of the Developer.

Approximate scheme of relations between the parties, while creating Construction Financing Fund type “A”.

• Managing Bank signs Agreement on Construction of Investment Object with Developer;
• Investors sign with Managing Bank Agreements about trust management of property (monetary funds) with the purpose of real estate construction (residential property);
• Developer signs with Insurance company agreements on risk insurance:

• Investors transfer monetary funds in CFF;
• Managing Bank performs Fund’s finances management;
• Monetary funds for construction financing are coming to the Developer;
• Developer finalizes construction of investment object, takes it into use;
• Investors receive documents approving proprietary right for real estate (residential property).