Nihon Hoshou to Launch Guarantees for Kagawa Bank’s Overseas Real Estate-Backed Loans
Dec 2, 2019
J Trust Co., Ltd.
J Trust Co., Ltd. (hereinafter, the “Company”) and Nihon Hoshou Co., Ltd. (hereinafter, “Nihon Hoshou”), a consolidated subsidiary of the Company, have signed a memorandum of understanding (MOU) with THE KAGAWA BANK, LTD. (hereinafter, “KAGAWA BANK”) to launch guarantees on overseas real estate-backed loans on December 2, 2019. The MOU expands the exiting agreement executed on June 23, 2016.The MOU will allow Nihon Hoshou to provide guarantees for investors residing in Japan who receive loans from KAGAWA BANK for the purchase or refinancing of investment properties in California, USA with the properties as collateral. For details, please refer to the following press release issued by Nihon Hoshou (Japanese only). https://www.overseasproperty.jp/ovseaspro/
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