ABOUT

Since 1991, our team, with its banking and insurance background, has provided project guarantees and project financing services through various financial companies in Turkey and abroad. Our team, which conducts risk analysis, reporting, product design, and resource acquisition, has provided guarantees or resources for more than 600 projects totaling over $50 billion in contracts.

 

Now, our special purpose company, Sufibond Financial Investments Trading Inc., has been launched to provide completion guarantees for urban transformation and real estate projects requiring urgent solutions in Turkey, buyer guarantees for land sales, and various financial products.

 

Our team specializes in project guarantees, bringing together companies seeking guarantees with financial institutions that can act as guarantors, ensuring the collateralization of projects and executing transactions between the parties. Sufibond works with special purpose banks, private financial institutions, insurance, reinsurance, equity companies, and funds capable of acting as guarantors, even for large-scale projects, and there are no limit or rating problems.

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COMPLETION GUARANTEE IN REAL ESTATE PROJECTS 

The first step is for the housing company to submit its guarantee request to Sufibond. The financial institutions Sufibond works with provide guarantees to contracted banks or insurance companies to guarantee housing companies and projects that meet their specified criteria. A "Completion Guarantee Agreement" is signed between the housing company, the guarantor, and the bank or insurance company. Based on this agreement, the bank or insurance company issues a "Completion Guarantee Letter" to be presented to beneficiaries and homebuyers.

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A completion guarantee letter guarantees the full completion of the project. With this letter, all parties with a right or interest in the project, such as the homebuyer, beneficiary, landowner, relevant public institutions, housing finance companies, banks, investors, and funds, are secured with a single guarantee.

TITLE GUARANTEE IN LAND SALES

A guarantee limit agreement is entered into between the guarantors Sufibond works with and the seller. The bank appointed by the guarantor issues a title deed guarantee, which secures all payments made by the land buyer until the land title is issued. This allows the seller to market their land securely. If desired, a completion guarantee can be provided for residential construction on the land after the title deed is issued.