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Integrites Advises Ukrainian Finance Housing Company on Bridge Financing and Securitization

Integrites Advises Ukrainian Finance Housing Company on Bridge Financing and Securitization

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On April 8, 2024, Integrites announced it had been selected, alongside Latham & Watkins, to advise the Ukrainian Finance Housing Company on a bridge financing to be granted by international financial institutions and the subsequent securitization of mortgage loans.

According to Integrites, the bridge financing is expected to "help the UFHC to resume affordable mortgage lending, build up a robust portfolio of home loans, and, as soon as international capital markets become accessible, issue mortgage-backed international securities to raise additional liquidity from foreign investors." The UFHC has already entered into a strategic collaboration with JP Morgan and Alvarez & Marsal "to enhance mortgage lending and bring institutional and private investors to Ukraine."

The UFHC is a Ukrainian state-owned financial institution created to implement an affordable home mortgage lending program, eOselya, "designed to provide support for servicemen, veterans, combatants, healthcare professionals, scientists, teachers, displaced persons, and other low and middle-income Ukrainians willing to buy homes or improve their living conditions," the firm reported.

"The social and developmental impact of this project is huge as millions of Ukrainians, who lost homes due to ongoing war, desperately need affordable house loans to rebuild and buy new homes," Partner Igor Krasovskiy, who leads the Integrites team, commented. "We are very much looking forward to advising the UFHC on such a challenging high-impact project."

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