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Aviv Melisron Offers Loans Against Existing Property Amidst Housing Market Slump
Real estate firm Aviv Melisron is offering a new financing plan where buyers can use existing property as collateral for a loan, with the company covering interest until occupancy. This initiative aims to help upgraders and investors navigate the slow housing market.
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What happened
- 01Aviv Melisron offers loans against existing property to bypass initial down payment requirements.
- 02The company covers financing costs and interest until the buyer occupies the new apartment.
- 03The plan targets home upgraders, investors, and first-time buyers using family collateral.
- 04Experts warn of high risks, especially for first-time buyers and when family property is pledged.
- 05The primary challenge is the repayment of the loan after the occupancy period ends.
Experts caution that the plan carries significant risks, particularly for first-time buyers and those using family property, and emphasize the importance of a clear repayment strategy after the initial period.
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