![]() It will be important, Shterenberg said, to develop financing methods - a mortgage loan and a rent-to-own strategy - that will enable low-income families to acquire modular homes. In March, the International Monetary Fund announced a four-year $15.6 billion loan program, part of a $115 billion global package to support the country’s economic recovery. ![]() Investors have been identified, but Shterenberg declined to go into detail, saying it “should be straightforward because John is a well-regarded, experienced businessman.”įunding for Ukraine’s redevelopment is being assembled through numerous international organizations. The project should cost between $10 million and $12 million to get off the ground, he said. This home was built with six shipping containers. An outside deck of one of Global Modulars’ shipping container homes in Casselberry, Florida. “It will be John’s decision when to pull it together,” he said.įinancing the project shouldn’t be a problem, Shterenberg said. He said it’s not yet known when conditions will calm down enough to enable construction to begin on the plant. Interviewed by phone from the Netherlands, Shterenberg expects Senaltan to travel to Ukraine over the next month or two to formally take possession of the factory site in an industrial park between Lviv and the Polish border in western Ukraine, far from the eastern combat zone. Henry Shterenberg, founder of Economy of Trust Global, an economic development consultant in Ukraine, hopes to develop a manufacturing hub around Global Modulars in Lviv, Ukraine, that will help the company build even more homes. ![]() according to a March report by Fortune Business Insights. building industry, the global market for container homes is expected to grow from $59.3 billion in 2022 to $87.1 billion in 2029, with Europe and Asia considered the most promising markets due to population growth and availability of used containers. The company moved its primary manufacturing facility to Orlando last spring after outgrowing its factory near Hialeah, he said, adding, “In Orlando, we can build up to 20 homes a month.” Container homes becoming more popular A bedroom inside a Global Modulars shipping container home in Casselberry, Florida. “Our products are hurricane-proof, earthquake-proof and termite-proof,” he says. Plus they are supplied with LED lighting, waterproof vinyl flooring, air conditioning and insulated walls and ceilings. The finished result, he says, complies with Miami-Dade windstorm codes with impact-resistant doors and windows. “Planning that typically takes six to seven months takes us one to two weeks,” Senaltan says. Walls, flooring, plumbing, windows and electrical wiring are installed at the company’s factory in Orlando while Global Modulars secures permits and builds a foundation out of steel beams at the home site. Then the containers are shipped to the home’s new location and lowered into place by a crane. The company saves time by building 85% to 95% of the house prior to delivering it to the construction site, Senaltan says. Global Modulars has even figured out how to build 4,000 square-foot mansions out of 12 containers.
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