The loan was granted for a year and a half period, and will be retuned in tranches.
In June, Impact launched the second phase of its Greenfield residential project in northern Bucharest, which consists of nine apartment buildings, the first three of which will be ready in December. The next six buildings will be ready in February 2015 and the company expects to sell all the homes by mid-2015.
Iaciu joined the shareholding structure of Impact in March 2013, when the stakes held by the company’s founder, Dan Ioan Popp, and by Carmen Sandulescu were sold in a foreclosure procedure over an unpaid loan.
Iaciu currently owns 49.04% of Impact and Adrian Andrici owns 16.35%.
The company is valued at RON355.4 million (EUR79.5 million).