ABOUT

 

Having established its first financial consultancy company in 1991, the Sufibond team has been creating financial solutions and guarantees for qualified international projects through its various companies in Turkey and abroad since then.

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Our expert team carries out risk analysis, reporting and international resource finding studies on project financing, structured guarantees, specially designed financial products. To date, resources or guarantees have been provided for more than 600 international projects with a total contract value exceeding 40 billion USD.

 

Now, our new special purpose company Sufibond Financial Consultancy Inc. has been established to provide financial resources or guarantees for urban transformation and real estate projects requiring urgent solutions in Turkey.

Sufibond is an intermediary consultancy company that aims to bring together companies seeking guarantees and/or financing for urban transformation and real estate projects with strong resources that can be guarantors for these projects.

 

The guarantors we want to bring together with the project companies are international financial institutions, special purpose banks, capital companies, real estate investors and funds that we have been cooperating with for years in our other companies.​

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PROVIDING COMPLETION GUARANTEE FOR REAL ESTATE PROJECTS

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The service we will provide for real estate projects through Sufibond is the provision of “Completion Guarantee Letter”.

 

Documents to be prepared between the project owner and strong guarantors with the coordination of Sufibond are:

1. A “Completion Guarantee Agreement - CGA” guarantees that the project will be completed within the promised time,

2. A “Completion Guarantee Letter - CGL” to be provided to third parties.

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With the agreement to be prepared based on the total current value of the project and to cover the entire project period and the letter to be prepared based on this agreement:

• The guarantee request of each party with a right or interest in the project, such as the housing buyer, right holder, land owner, relevant public institutions, housing finance companies, banks, investors and funds, will be met at the same time.

• Thus, differences in price, duration and scope between the guarantees requested separately by the parties, and difficulties in updating and monitoring will be prevented.​​

 

The completion guarantee agreement is not a loan agreement, it is a guarantee agreement in the full sense. It does not appear as a loan on the project owner's balance sheet, it does not weigh down the balance sheet. With this agreement, strong financial resources guarantee that the project will be completed within the promised time.​

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