The Barkat Fund provides credit of NIS 46 million for sheltered housing

Asa Sasson, themarker.com

Barkat, managed by Adi Gazit , will provide a mediation loan of NIS 46 million to promote a protected housing project in the heart of Jerusalem, which will be called Hood Dania. Barkat is one of the leading non-bank credit companies in the real estate industry.

The tower to be built is expected to be 15 stories high and will contain 209 4-2 room apartment units suitable for the older population, and extensive and diverse public areas. Among others - a library, lobby, classrooms, gym, synagogue, underground movie theater, salt room and pool on the 17th floor that overlooks all of South Jerusalem and so on.

The simile of Her Majesty

Hod Dania is the addition and multiplication of the Jerusalem complex of protected housing known as Hod Jerusalem, which contains 175 housing units and is fully occupied. Along with the new tower, there will be nearly 400 housing units for the older population and extensive public areas, which will buy a perfect shell for the third age.

The new tower has been granted a building permit, and is currently being built by Insight Been and Hod Capital companies under the leadership of protected housing developer Hezi Being and will be completed within 22 months. In recent years, in view of a steady rise in life expectancy and the development of consumer culture, there has been a change in the attitude of the general public, and of the older population in particular, to adult housing.

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The simile of Her Majesty

Alongside traditional nursing homes, a growing demand for sheltered housing has been provided, providing third year-olds with a greater degree of privacy, in better conditions, in the environment of people of similar ages. As a result of these developments, the demand for sheltered housing has increased in recent years, and as a result, supply of sheltered housing has increased, through the construction of new homes, and the market is in constant swing.

"The transaction allows the entrepreneur immediate credit availability, which allows the project to proceed immediately and with the required timelines for the transaction, to enjoy most of the statutory benefits, which would not have been possible without this availability," said Gazit. "Also, the promotion and construction of the tower in a land division in the heart of a residential neighborhood, good to be done early, in order to develop and improve the entire public space. , Under the most competitive financing and flexibility of mind. "

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