DebtResidential - Single family house
Target € 224,000
Minimum Amount € 224,000
Minimum Investment € 50
€ 224,000 raised, 100%
100.0% Complete (success)

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.
Interest Rate 12.0%
Investment bonuses +1.0% from € 10,000 NOT_DEFINED
Loan Period18M
LTV 69.0 %
Actual Return 13.88%
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