Today, many buyers postpone purchase of a new apartment fearing it to become a long-term construction. The question of risk-free purchases on a primary real market becomes very urgent.

Is it possible? Yes it is. A real estate company ABC together with PrivatBank developed an absolutely new solution. Property buyers in Prestige Hall residential complex without any idle fears can use the mechanism that allows obtaining a guarantee from one of the largest banks in the country.

Uniqueness of a proposal for Ukrainian market lies in Letter of Credit (L/C) method of payment. Paying by L/C client transfers money for the chosen apartment not to a developer, but put them in and puts them in a special account in a bank. Money will stay in a bank until the project will be commissioned.

Only when a developer submits a commissioning certificate within the term of agreement, Bank will Bank transfers the money to him. If the developer fulfills the conditions of agreement in term, the bank transfers the money to him, and the buyer gets his property.

Otherwise, money will automatically return to the buyer together with accumulated interest. Return funds now act like a deposit with 11.5% annual interest rate charged. 

L/C is irrevocable, which means that any amendments to it shall be made in writing and only on mutual consent of the parties.

This form of payment is beneficial to all the program participants. While developer is motivated to complete the project in time to receive his money, the buyer, in turn, gets a guarantee for the building readiness in a specified time and for his funds safety.

Letter of Credit – is a new word in the market and truly royal protection for your investment in real estate!

For more information about the mechanism of property acquisition by L/C, please call +38 (044) 220-2-111 or visit the sales department of Prestige Hall residential complex.