Interest Rate:

12.0%

investments.main.credit.rating

100.0 % raised € 0 left

40% Complete (success)

Expires:

Repaid

Target:

€ 224,000

LTV

69.0 %

Loan Period:

18 months

Investors:

294

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Toome avenue development

Loan Information

Funding Target € 224,000
Minimum Funding Target € 224,000
Loan Purpose Development of Villa for sale
Loan Period 18 months
Interest Rate 12.0%
Manner of the Repayment In full at the end of the Loan Period
Manner of Interest Payments: In full at the end of the Loan Period
Secured Loan Yes
Mortgage
Mortgage Pledged Asset Toome pst 86a, Tallinn, Reg number: 1648201
Ranking First Charge
Mortgage Amount* €300,000
Grantor Omale OÜ
Suretyship Urmas Labande isiklik käendus kogu laenu ulatuses/Personal guarantee of Urmas Labande in full amount of loan.

* The final mortgage amount will depend on the total amount of funds raised by the borrower and will be the product of such total amount of funds multiplied at least by 1.5