Meritz Securities to Lead PF Loan of 1.3 Trillion Won for UN Command Site Development

Meritz Securities (CEO Choi Hee-moon) announced on the 21st that it successfully completed project financing worth a total of 1.3 trillion KRW by participating as the financial lead manager in the PF loan for the complex development project on the UN Command site in Itaewon-dong.

This project involves Eleven Construction as the developer and Hyundai Construction as the builder, developing apartments (420 units), officetels (723 units), and complex facilities (hotel, office, retail facilities, etc.) on the UN Command site in Itaewon-dong. A total of 1.3 trillion KRW in PF loans was raised to repay existing bridge loans and cover financial costs.

Meritz Securities participated from the bridge loan stage of this project and faithfully fulfilled its role as the financial lead manager for this PF loan, also participating with 200 billion KRW in the PF loan. Furthermore, based on the project's excellence and stable financial structure, multiple major investors including Meritz Securities as the lead manager, Shinhan Bank, Kookmin Bank, and Samsung Fire & Marine Insurance participated.

A Meritz Securities official stated, "Despite the sluggish real estate finance market environment, we successfully attracted project financing (PF) investment based on excellent project viability and a stable financial structure," adding, "With various development catalysts such as the creation of Yongsan Park and the extension of the Shinbundang Line, it will become a landmark in downtown Seoul."

This content was produced with the assistance of AI translation services.