DebtResidential - Single family house
Target € 205,000
Minimum Amount € 205,000
Minimum Investment € 50
Vibu st sale advanced loan
- The loan is used to release capital for the sales period of the single-family house with a purpose to invest the freed capital into the borrower's new development project (row-house development in the same area).
- As a loan collateral, the company offers a newly finished residential house in Järveküla, Rae parish, Harju county.
- The borrower has a long-term experience in real estate development.
- The borrower has previously raised capital through EstateGuru platform with two projects - both projects have been successfully finished and the loans have been fully repaid with accumulated interest.
- The loan is returned from the borrower's existing development projects or from the sales revenue of the collateral house in 12 months period.
- Member of the Board of the Borrower is providing a personal guarantee in full mortgage amount.
- EstateGuru security agent will have the 1.rank mortgage on behalf of the lenders.