Deals -

ERM advises the Egoz Fund on a NIS 18,000,000 loan

ERM has advised the Egoz Fund, whose subsidiary, ESHEL Real Estate Ltd., will grant a NIS 18,000,000 loan to members of a purchase group in Mazkeret Batya.

This is an interesting and complex transaction of a purchase group combined with TAMA 38.

The group purchased rights from the owners of the apartments in a building in Mazkeret Batya, and through an external organizer and a management company (Etgar Al) will strengthen the building against earthquakes and will add 17 housing units.

Eran Mizrahi, a partner in the real estate and urban renewal department, led the team with trainee Zvi Zavner.

For more information on such transactions, or our real estate and urban renewal department, please contact Eran Mizrahi or another member of our team.

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