Adit Finance to Fund New Housing Project in Adam Settlement
Translated & summarized from Behadrei Haredim by baba
Adit Finance has signed a financing agreement with Binyanei Bar Amna for a new 45-unit housing project in the Adam settlement, near Jerusalem. The project involves an investment of approximately 183 million shekels and will feature spacious single-family homes. The development aims to attract both local and international buyers, including English-speaking families looking to immigrate. Adit Finance specializes in financial accompaniment for real estate developers, while Binyanei Bar Amna has been active in construction since 1990.
The story in 6 lines · by baba
- Adit Finance will provide financing for a new 45-home residential project in the Adam settlement.
- The project, developed by Binyanei Bar Amna, has an estimated investment of 183 million shekels.
- The homes will be spacious single-family units across three levels.
- The settlement of Adam is located near Jerusalem and was established in 1984.
- The project aims to attract foreign residents and English-speaking families.
- Adit Finance offers closed financing solutions for real estate developers.
Adit Finance has signed a new financing agreement with Binyanei Bar Amna for a residential project in the Adam settlement, located in the Mateh Binyamin Regional Council in the West Bank. The project, a collaboration between Binyanei Bar Amna and S.A.G. Walul, will feature 45 single-family homes with an estimated investment of approximately 183 million shekels. The financing will be structured as a closed loan, including guarantees and "sales law" policies for apartment buyers.
The development includes private homes, each spanning about 250-260 square meters, with multi-level gardens and balconies. The houses will be a mix of semi-detached and detached units, all across three floors. The project aims to attract both foreign residents and English-speaking families looking to immigrate to Israel. The settlement of Adam, established in 1984 and named after Lieutenant General Yekutiel Adam, is situated about 2 kilometers northeast of Jerusalem. It currently houses around 1,350 families, totaling over 6,000 residents, with a diverse population including religious, secular, and Haredi families.
The project is located in the "Shirat Hatzion" neighborhood, an eastern expansion of the existing settlement. Surrounding infrastructure, including roads, sidewalks, and utility networks, has largely been completed. Ruth Levi, CEO of Adit Finance, stated that the project exemplifies desirable construction near Jerusalem, benefiting from competitive accessibility and advanced environmental development. She added that Adit Finance continues to expand its financial accompaniment portfolio by providing closed financing solutions that offer full financial certainty for developers.
Eli Hirshhorn, CEO of Binyanei Bar Amna, expressed pride in leading the settlement and development momentum in Adam, setting a new standard for advanced construction quality. He highlighted the project's advanced planning of spacious single-family homes, integrated with the community and rich environmental development, emphasizing the company's commitment to settlement values and providing buyers with strong backing and security.