DebtResidential - Single family house
Target € 205,000
Minimum Amount € 205,000
Minimum Investment € 50
€ 205,000 raised, 100%
100.0% Complete (success)

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.
Interest Rate 11.0%
investments.main.credit.rating
Loan Period12M
LTV 67.0 %
Expires Funded
Investors739
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