In the world of real estate, sometimes the difference between a dizzying success and a crushing failure is measured in just a few days. This was discovered by Omarim Home and Estate Ltd., which won a prestigious real estate tender in Beer Sheva, but found itself in a race against time to obtain the necessary financing.
The story began when the company won a sought-after tender from the Israel Land Authority in Beersheba. As is customary in ILA tenders, the winner was given only three months to make the required payment. The company tried to obtain the financing on its own for two months, but without success.
With only one month left until the deadline, the company found itself in a critical situation. If it failed to bring the money on time, it would lose not only the tender, but also the guarantee money to the administration - an especially heavy loss.
At this point, the company decided to turn to Maimondeln.
"They came to us in the very 90th minute," says Matityahu Vegshel, CEO and partner at Maimondeln. "We immediately understood the urgency and took on the challenge."
The Maimondeln team swung into action immediately. "It was an operation timed to the precision of an Olympic clock," explains Veghel. "We had to secure 80% funding in a very short time, which required rapid and precise action on all fronts."
The team worked around the clock, establishing contacts with various funding bodies, preparing all the required documents at record speed, and coordinating urgent meetings.
"Every day was critical," notes Eli Rabinowitz, CEO and partner at Maimondeln. "We worked simultaneously with several banks and financial institutions, utilizing all the connections and experience we have accumulated over the years."
The result was impressive - in just 19 working days, Maimondeln was able to secure 80% in financing for the project. "This is an extraordinary achievement in the world of banking in Israel," emphasizes Vegshel. "Usually such a process takes months, and we were able to do it in less than three weeks."
The success of the mission saved the Omar Company a home and inheritance by winning the tender, allowing it to move forward with the planned project in Beer Sheva.
"When we realized that time was running out, we thought we had already lost the tender," says Amram Stein, senior partner at Omarim Home and Estate Ltd. "Appealing to Maimondeln was the best decision we could have made. Their professional and quick work saved the project."
"This is an excellent example of our ability to act quickly and effectively under pressure," concludes Rabinowitz. "Our experience and connections allow us to find creative and fast solutions, even when time is of the essence."
The case of the Omarim Beit & Nakhla company illustrates the importance of contacting professional financing entities in a timely manner, and the significant difference that experience and professionalism can make in the field of real estate financing. "We are proud that we were able to save winning the tender," says Vegshel. "This is exactly what professionalism means in our field - to be there for the clients in the real testing moments."
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