The borrower raised capital to develop a four-storey apartment building outside of Tallinn.
The Borrower has an operational sports complex in one of the biggest satellite cities in the vicinity of Tallinn. The sports complex there is on a plot of land big enough to build two apartment houses. Commercial banks are afraid to finance residential developments outside Tallinn.
EstateGuru provided a development loan for construction of two, three-storey residential buildings with 22 apartments. EstateGuru financed the construction after the borrower had done quite a significant amount of work from their own equity. Funds were raised and collected in stages with an increase of the value of the property. As of today, all buildings are completed and sold.
With over 132,309 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 132,309 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 to develop a four-storey apartment building outside of Tallinn.
The borrower raised capital to continue with construction works of a modern A+ energy class building featuring 26 apartments in Vilnius - Lithuania.
The borrower raised additional capital to continue the renovation of apartments in Riga with a plan to repay loan from sales revenue of a completed development project.
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Download it hereHave any questions? Don’t hesitate to contact us directly by phone (+372) 53731020 or send email to agents@estateguru.co
