ReBita offers mortgages up to $4.5 million

12 Oct 2018

Japanese property developer ReBita Inc. has agreed to promote SMBC Trust Bank‘s housing loans through a new online tool. ReBita operates a property vertical at ReBita.co.jp/New.

Under the agreement, customers can apply for mortgage financing of up to 500 million yen ($4.5 million U.S.) from SMBC Trust Bank. The two aim to enable customers to buy high-end housing condominiums.

Founded in 2005, Tokyo-headquartered ReBita also renovates private homes and commercial facilities. Its team of experts assesses a property’s value for sellers and gives them a replacement option. The company has more than 12,000 members who are interested in renovation and buying second-hand houses. It has renovated more than 70 buildings and 2,500 condominiums and detached houses, so far.

The company’s entry into mortgage financing is likely to help it compete with local majors like Suumo.jpHomes.co.jp, Athome.co.jp, and Nomu.com that are famous for their one-stop-shop business philosophy.

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Tariq Ahmed Saeedi

Tariq Ahmed Saeedi writes stories on sharing economies in Asia – particularly Japan, Taiwan, Vietnam, Korea, Pakistan, Bangladesh and Iran. He joined the AIM Group in January 2016. Tariq is also a spotter, monitoring global marketplace industry’s updates. He carries more than 15 years of writing experience. Tariq frequently contributes economic/tech news and analysis to a daily The News International and a magazine. He has also written features and interview articles for various other publications and some of his write-ups have been cited for references in reports by the World Bank and archived in Florida Institute of Technology’s library. Tariq has also narrated corporate website content for Audi importer in Pakistan and others. He started his career from a television’s current affairs department in 2003 and later joined the country’s premier news agency Pakistan Press International.