Target loan for the construction of a multi-apartment building and/or another real estate object
A targeted loan for the construction of a multi-apartment building and (or) another real estate object — a targeted loan for the construction (creation) of a multi-apartment building and (or) another real estate object in accordance with the terms of the agreement concluded between the developer and the bank, may be used only for purposes specified in paragraphs 1 - 9 of part 1 of article 18 of this Federal law1.
Federal Law No. 218-FZ dated 29.07.2017 "On the Public-Legal Company for Protecting the Rights of Citizens - Participants in Shared Construction in Cases of Insolvency (Bankruptcy) of Developers and on Amending Certain Legislative Acts of the Russian Federation". 2017, as amended on 01.01.2022, article 16, subpara. b#2. ↩