The borrower raised capital to quickly finance the purchase of the property from auction and then to prepare it for completing construction.
The borrower needed to raise capital to purchase a development project that consists of five apartments in a terraced house in Viimsi municipality, about 25min drive away from Tallinn city centre. The borrower needed financing to purchase the property and later on to finance the construction of the apartments in different stages until they reach “ready to move in” level.
EstateGuru was able to finance the property purchase and finishing of the construction of the apartments in stages. After the construction works have been carried out the property will be sold to retail customers and the loan amount will be repaid to Estateguru investors together with interest.
With over 71243 international investors, both retail and institutional, EstateGuru is also the perfect showcase for your development. Our investors don’t just have tens of millions available to lend, they also regularly purchase a property they have invested in during development.
With over 71243 international investors, both retail and institutional, EstateGuru is also the perfect showcase for your development. Our investors don’t just have tens of millions available to lend, they also regularly purchase a property they have invested in during development.
The borrower raised capital from an unsold stock of apartments in order to start a new development project, while the sales process continued.
The borrower raised capital to cover the expenses of the development project preparation while waiting for building permission to be issued and long term development financing to be secured.
The borrower raised capital to quickly finance the purchase of the property from auction and then to prepare it for completing construction.
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Have any questions? Don’t hesitate to contact us directly by phone (+372) 58166002 or send email to ambassador@estateguru.co
