DebtResidential - Single family house
Target € 224,000
Minimum Amount € 224,000
Minimum Investment € 50
Toome avenue development
- Villa is situated in one of the most prestigious areas of Tallinn, in Nõmme.
- Loan is requested in order to acquire the villa and its' further development with a plan to sell it or rent it out for longer term.
- Loan is returned by selling the villa or refinancing with a long-term bank loan.
- The borrower is a sucessful entrepreneur who has been involved witth real-estate for 15 years.
- Loan to Value ratio is 69% and investors are granted with the 1st charge mortgage.
- Owner representative is providing personal guarantee in full amount.