Porto Group has recently launched a new and innovative campaign under the name “Money Back Porto” to advertise and sell open units in eight of the company’s real estate projects.
The Money Back Porto programme allows clients to receive the unit immediately after paying the unit’s price in cash, giving the client the right to do whatever they wish with it. In addition, the client will be refunded after 10 years under a guarantee backed by the Arab African International Bank.
This new programme is one of the new tools to finance projects without the need to resort to securitisation.
Securitisation is the process of taking an illiquid asset, or group of assets, and transforming them into a security through financial engineering. A mortgage-backed security—a typical example of securitisation—is a type of asset-backed security that is secured by a collection of mortgages.