DebtCommercial - Accomodation/Service
Target € 250,000
Minimum Amount € 250,000
Minimum Investment € 50
Ringi development loan 1. stage
- The loan will be used for the construction of 2 apartment buildings.
- As a loan collateral, the company offers a property with the building rights of two apartment buildings and a sports complex.
- EstateGuru security agent will have the 1. rank mortgage on behalf of the lenders.
- The loan will be repaid from the sales of the property within 12 months.
- LTV (loan to value) ratio is 25%. Upon the second stage of the loan, LTV can increase to 55%.
- Member of the board of the borrower will provide a personal guarantee in full mortgage amount.