Polaris World signing a loan of 241 million to finance the expansion of Mar Menor Golf
The financing includes participation by Bancaja, Banco de Valencia, Mediterranean Fund, Banco Popular and Cajamurcia.
The Polaris World Group has formalised a syndicated loan for a total of 241 million euros to finance enlargement of the complex Mar Menor Golf Resort, built in the municipality of Torre Pacheco.
That company reported today in a note that funding has the participation of Bancaja, Banco de Valencia, Mediterranean Fund, Banco Popular and Cajamurcia.
The new phase of the residential complex will house 1,501 apartments, 296 condos and 73 townhouses and commercial premises, which will join the 742 already built villas.
According to the company, delivery of the first homes is scheduled for early 2009. Reported in todays laverdad.es
