DebtCommercial - Accomodation/Service
Target € 250,000
Minimum Amount € 250,000
Minimum Investment € 50
€ 250,000 raised, 100%
100.0% Complete (success)

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.
Interest Rate 11.0%
investments.main.credit.rating NOT_DEFINED
Loan Period12M
LTV 25.0 %
Expires Funded
Investors806
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