JAKARTA (Yosefardi) – Property developer PT Metropolitan Land Tbk (MTLA) has secured loan of Rp335 billion from Bank Mandiri, to fund its property projects this year.
The loan carries interest rate of 9.5% per year and has tenor of 5 years.
The company will work on 2 projects, M Gold Tower and Grand Metropolitan in Bekasi. The company allocates capital expenditure (capex) of Rp850 billion for this year.
It booked revenues of Rp382.83 billion in first half of this year and net profit of Rp106.48 billion. The company targets to book property sales of Rp1.16 trillion this year, compared to Rp812 billion last year.