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Dagens industri: Husqvarna Expected to Lower Profit Target
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Heartspace News Desk
•Source: Dagens industri
Photo by Erik Mclean on Unsplash
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Key takeaways
- Kameo, a real estate financing company, is emerging as a streamlined alternative to traditional banks for Scandinavian property developers
- Through its investment platform, Kameo connects real estate projects with capital from its internal credit fund, institutional partners, and a network of private investors
- General Manager Fredrik Källgren states that Kameo can arrange financing in a matter of weeks, significantly faster than the six to twelve months often required by banks
Kameo, a real estate financing company, is emerging as a streamlined alternative to traditional banks for Scandinavian property developers. Through its investment platform, Kameo connects real estate projects with capital from its internal credit fund, institutional partners, and a network of private investors.
General Manager Fredrik Källgren states that Kameo can arrange financing in a matter of weeks, significantly faster than the six to twelve months often required by banks. Furthermore, Kameo finances smaller projects, starting at 10 million SEK, and provides funding for residential developments without the pre-sale requirements commonly imposed by traditional lenders. This allows developers to initiate projects more quickly and potentially realize higher sales prices for completed units.
Since its inception in 2016, Kameo has facilitated loans totaling 8 billion SEK and maintained a low credit loss rate of 0.1 percent on completed loans. The company, owned by ABG Sundal Collier and Incore Invest, is authorized by Sweden's financial regulatory authority.
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