DebtResidential - Appartments
Target € 75,000
Minimum Amount € 75,000
Minimum Investment € 50
Jüri refinancing loan
- The loan will be used for refinancing outstanding liabilities (more expensive loan).
- As a loan collateral, the company offers a 3-room apartment at Jüri borough and a private house in the city of Paide.
- The loan will be returned from the sale of the collateral properties within 18 month period.
- The loan interests will be paid monthly, from the company's monthly revenues.
- LTV (loan to value) ratio is: 65%
- Member of the board of the borrower will provide a personal guarantee in the full mortgage amount.
- EstateGuru security agent will have the 1. rank mortgage on behalf of the lenders.