Industrial mortgage in 2022 in Our Country

– Back in early June 2022, Prime Minister Mikhail Mishustin instructed the Ministry of Industry and Trade, the Ministry of Finance, and the Ministry of Economic Development of the Federation to develop a new measure of state support. It was presented at SPIEF 2022 and is already arousing considerable interest among representatives of small and medium-sized businesses,” says the head of the real estate department at Bugrov and Partners Polina Merkeeva.

We will tell you how the new state support measure will work and in which banks it will be possible to get an industrial mortgage in 2022.

What is an industrial mortgage in simple terms

An industrial mortgage is a cash loan from a bank secured by real estate. It can be taken by a business to purchase a ready-made industrial site and quickly start production. This mortgage is with state support, that is, it will have a preferential rate, which is lower than the market average. It will be co-financed by the state.

The main thing about industrial mortgages with state support

Government Decree on Industrial Mortgage

The document has not yet been published. In 2022, the industrial mortgage program is under development. When the key departments (these are the Ministry of Finance, the Ministry of Economic Development and the Ministry of Industry and Trade) work out all the details and provisions, and then coordinate them with the Prime Minister, a decree on industrial mortgage will be published.

Industrial mortgage conditions

There are currently no full terms and conditions for this state-supported loan. One thing is certain – the rate will be 5% per annum, as announced by Prime Minister Mikhail Mishustin. 

— This type of lending is aimed at supporting enterprises in the industrial sector, as well as SMEs (small and medium-sized enterprises). It is they who will be able to take advantage of the new credit program. In addition, developers of industrial real estate — developers of industrial parks and industrial technology parks — also fall under the “industrial mortgage” program,” said Polina Merkeeva.

Awọn ibeere banki fun awọn oluya

Obviously, loans will be issued to tax residents of the Federation – that is, the company pays most of the taxes in Our Country. Based on the name “industrial”, we can conclude that loans will be issued by LLC. Will individual entrepreneurs be supported? Quite possible.

There will probably be requirements for the amount of the company’s annual revenue and the period of business activity – in other words, how long the company has been in existence and has been operating. Surely they will take into account the type of activity of the borrower: at a minimum, it must comply with the legislation of the Federation. As a maximum, a specific list of industries that can qualify for an industrial mortgage may appear.

Awọn ibeere banki fun ohun-ini gidi

Preferential loans will be issued for the purchase of ready-made production sites from industrial developers (builders). That is, it is a kind of mortgage on industrial new buildings.

Industrial mortgage programs

Now we know about two programs of concessional lending. The first is for industries that want to purchase a new site. For them, a mortgage at 5% in the amount of up to 500 million rubles, for up to seven years.

The second industrial mortgage program is for developers (builders) who build industrial facilities. They will be given up to 2 billion rubles, for up to ten years.

— The regional initiative of the Tver region is interesting¹. They are implementing their own “industrial mortgage” program. Purpose: to support enterprises in the construction of new industrial premises, warehouses, as well as the acquisition of ready-made industrial and logistics premises. The loan amount in this case ranges from 20 to 80 million rubles for a period of ten years at 1% per annum, but with financial guarantees. At the same time, criteria for selecting projects, as well as requirements for the borrower, were developed. In the future, this program can also be taken as the basis of the federal industrial mortgage program.

List of banks where you can get an industrial mortgage

When the decision on promipoteka is published and the mechanism of subsidizing is clearly clear, banks will decide whether to issue such loans or not. It can be assumed that the first to agree to them will be large players who have been cut off by sanctions on foreign markets. Under these conditions, the number of their customers has decreased, which means that the search for new ones is more relevant than ever.

Moreover, such a mortgage is beneficial to banks. After all, the rate of 5% is subsidized. In other words, the state will pay the bank extra for the borrower.

How to get an industrial mortgage

This instruction is preliminary, based on assumptions about how the industrial mortgage mechanism might work. There is no exact regulation right now. As soon as it appears, we will update the material.

1. Collect a package of documents

When lending to a business, banks ask:

• fill out a form in the form of a bank;
• provide registration and constituent documents of a legal entity or individual entrepreneur;
• financial reporting;
• business documents.

Considering that this is a mortgage, that is, a loan is secured by a real estate object, documents from the developer will most likely be needed, as well as an assessment of the cost of the industrial site.

2. Choose a bank

The easiest way for businesses to work with financial institutions in which they already have a current account. It is possible that banks will lend at a lower rate. Because 5% is the maximum rate. In order to “lure” the business to itself, the percentage per annum can be reduced.

3. Wait for approval and close the deal

When all the documents are ready and the lender is selected, all that remains is to get approval. In the case of business loans, the procedure is always longer than in consumer lending. The risks are higher and the loan amounts are larger. However, it is also unprofitable for banks to delay the procedure.

iwé Tips

We asked the head of the real estate department at Bugrov & Partners, Polina Merkeeva, to express her opinion on the new industrial mortgage program in 2022.

“The current political situation has significantly influenced the development of industry in our country, as well as logistics, as a result, there has been a reorientation of trade from western to eastern. 

Thus, it became necessary to develop new geographical areas and develop industry in the regions of Siberia and the Far East. In this regard, it was decided to launch the issuance of industrial mortgages

There are concerns that the preferential interest rate will only apply to the first year. But we need to wait for the publication of the official decision.”

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Awọn orisun ti

1. Industrial Development Fund of the Tver Region https://frp69.ru/loans/industrial-mortgage/