DebtResidential - Single family house
Target € 75,000
Minimum Amount € 75,000
Minimum Investment € 50
Ravila 17 Bridge loan
- The loan is used for Nõmme development project preparation and the pre-sale period of the new apartments. The loan is also used for refinancing the current outstanding loan on EstateGuru platform.
- The property offered for collateral has the building permission, issued by the Tallinn City Planning Department, allowing to reconstruct existing building to exclusive residential building.
- The loan will be repaid from the sale revenues or the loan will be refinanced from a credit institution.
- EstateGuru security agent will have the second rank mortgage on behalf of the lenders.
- The CLTV (Cumulative LTV) is 49%