Thursday, 3 September 2026
tbi bank Romania has increased its financing for Hexagon’s Someșului 15 residential development in Cluj-Napoca by a further €5 million, bringing the lender’s total commitment to the project to €15 million.
The additional facility follows €10 million in financing provided in 2025 and will support the completion of the development in central Cluj-Napoca. The increased commitment extends an existing relationship between the lender and Hexagon as construction of the scheme progresses.
Someșului 15 is being developed close to the Someș River and will comprise 136 apartments together with commercial premises and a two-level underground parking facility. The buildings will rise to five or six upper floors above the ground floor and two basement levels. Landscaped areas and measures intended to improve the project’s energy performance are also incorporated into the development.
The financing comes at a time when access to development capital and the ability to control construction costs remain important considerations for residential developers. By increasing its exposure to an existing project rather than financing a new scheme from the outset, tbi bank is providing additional capital during the delivery stage.
“In real estate, you are not simply financing square metres, but the confidence that a strong project will be successfully delivered,” said Marius Constantinescu, Head of Business Banking Sales at tbi bank Romania. “Our relationship with Hexagon has developed over time, and the additional financing for Someșului 15 is a natural step in a partnership built around experience, strong execution capabilities and a project that is highly relevant to a robust market such as Cluj-Napoca.”
Hexagon operates across several stages of the development process, including land acquisition, planning, design, construction, sales and asset management. Much of its construction work is undertaken through Hexagon Structures, its own general contracting business, giving the developer direct involvement in the delivery of its projects.
That structure is intended to give the group greater oversight of construction quality and schedules while limiting its dependence on external general contractors. Hexagon has previously developed residential, retail and office properties in Cluj-Napoca and Bucharest.
“Someșului 15 is an important project for us, both in terms of its location and concept, as well as the quality standards we have set for its development,” said Florin Măriș, founder and CEO of Hexagon. “tbi bank’s decision to increase the financing confirms the trust built over time. In a market where execution discipline matters more than ever, partnerships like this make the difference between a well-designed project and one that is successfully delivered.”
The transaction also comes during a period of change for tbi bank. The lender entered a new stage of ownership in 2026 following its acquisition by private equity investor Advent International.
For Cluj-Napoca’s residential development market, the increased facility provides another example of lenders extending capital to projects already moving through construction. The decision to raise the Someșului 15 financing from €10 million to €15 million gives Hexagon additional resources for completion while increasing tbi bank’s exposure to one of Romania’s most expensive and closely watched residential markets.
