Like most developers on Czech markets, GARTAL finances its projects with loans from reputable banks. This gives assurance to buyers that the construction does not depend on GARTAL’s fluctuating financial liquidity, coming from funds paid by buyers, and sufficient financing is secured from the very beginning for the construction and completion of the entire project. From the buyer’s point of view, this is the safest way to finance development, which is readily accepted by the mortgage banks of our clients – prospective buyers of properties in a specific project.
The money paid by buyers or their mortgage banks goes to a special project account controlled by the bank that has granted the project loan and GARTAL is not entitled to use the money. That way, the money cannot be abused for other purposes and is reserved exclusively for use in relation to the construction of the specific project.