ضمانات القرض العقاري الموجهة لتمويل نشاط الترقية العقارية

Abstract

In light of the state's inability to cover the increasing demand for diverse housing types at reasonable prices for all segments of society, and keeping pace with economic growth, it was necessary to allow individuals and property developers to resort to credit institutions to obtain real estate loans. These loans help finance their projects and engage in real estate investment. Therefore, real estate credit is one of the most important mechanisms for financing property development projects. Financial institutions provide these loans in exchange for legal guarantees to secure the repayment of the loan amount and interest. These guarantees are divided into traditional guarantees against nonpayment, represented by real guarantees ("Official Mortgage") and personal guarantees ("Bail/Guaranty"), along with "Insurance" as a modern guarantee added to traditional ones. They also include financing guarantees for real estate loans, namely mortgage refinancing and the securitization mechanism. This study attempts to highlight and analyze these mechanisms.