Adit Finance to Fund 45 Homes Project in Adam Settlement
Translated & summarized from Israel Hayom by baba
Adit Finance will provide financial backing for a new 45-home residential project in the Adam settlement in the West Bank, developed by Binyanei Bar Amna and partners. The project, valued at approximately 183 million shekels, aims to attract both local and international buyers.
The story in 5 lines · by baba
- Adit Finance will provide financial backing for a 45-home project in Adam.
- The project involves an investment of about 183 million shekels.
- Binyanei Bar Amna is developing the project in partnership.
- Homes will be 250-260 square meters, with some semi-detached and single-family options.
- The project targets both local and international buyers, including English speakers.
Adit Finance has signed an agreement to provide financial backing for a new residential project in the Adam settlement, located in the Mateh Binyamin Regional Council in the West Bank. The project, spearheaded by Binyanei Bar Amna in partnership with S.A.G. and Lul companies, will construct 45 detached homes with an estimated investment of approximately 183 million shekels. The financing will be structured as closed funding, including guarantees and sales law policies for buyers.
The planned homes will each span approximately 250-260 square meters, featuring gardens and balconies. The development includes semi-detached houses, some with elevators, and single-family homes, all designed across three levels. According to the companies involved, the target audience includes foreign residents and English-speaking families planning to immigrate to Israel. The project is situated in the Shivat Zion neighborhood, in the eastern expansion of Adam.
Development work in the vicinity, including roads, sidewalks, and utility infrastructure for sewage, electricity, and water, has already been completed. The Adam settlement, established in 1984, is located northeast of Jerusalem and is home to about 1,350 families, totaling over 6,000 residents.
Ruth Levi, CEO of Adit Finance, stated that the project's proximity to Jerusalem offers accessibility and advanced environmental development, adding to other projects Adit Finance is supporting in the region. She explained that the closed funding model provides the developer with a financial framework for the construction and marketing phases. Adit Finance, founded in 2023, specializes in financial accompaniment and funding solutions for real estate developers in residential and urban renewal projects, while Binyanei Bar Amna has been active in residential project development and construction since 1990.