29 Jul Prima Heights residential project overcomes the financial reality
The first national residential project that received bank loans during financial restraint, Prima Heights, is underway in Brașov, and the first loan disbursement is ready to be made. Two Israeli contractors will build a total of 1.200 apartments, and approximately 50 units will soon be offered on the market. Ciurtin & Associates worked in this project since 2007, providing legal escort during pre-development and development phases. Known as “the developers’ lawyer”, a term coined by media outlets during the times when real estate market was booming, Adrian Ciurtin coordinated the team that performed legal due diligence, structured land acquisition, financing and security package, execution agreement, sale-purchase agreements with end buyers and property management agreements.
1st of June, 2014