Creative Solution for Housing is a Lebanese real estate advisory and consultancy firm. Established in 2009, the company aims to introduce a ‘pay as you grow’ housing loan scheme for aspiring home-owners with limited incomes. Executive sat with Mark Sleiman, the company’s managing director, to discuss the new scheme and Lebanon’s lending market. E What is ‘pay as you grow’? We are trying to become the middle point between the real estate developers, the buyers and the banks, and to service all three from a financial and a real estate perspective. The ‘pay as you grow’ scheme is different from the conventional housing loan, because payments adapt to income over time. People’s income increases, so it makes sense that the payment rises in line with their income. It exists in the United States but in a very different way. We changed the financial formulas that they use and we
