Proven Properties recently secured a US$20 million loan from VM Building Society to fund its latest luxury housing development in Runaway Bay, St Ann, in conjunction with Skillex Development.
This new loan facility is an extension of the partnership between Proven and VM, which started in 2019 with the development of a complex on Braemar Avenue, St Andrew.
Paul Elliott, CEO of VM, says the loan was extended because his company has confidence in Proven, due to its demonstrated competence in the management of these projects.
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