DebtResidential - Single family house
Target € 70,000
Minimum Amount € 70,000
Minimum Investment € 50
Metssea road development loan
- The loan will be used for completing the construction of a duplex house at Uuesalu village, Rae parish, Harju county.
- As a loan collateral, company offers a property at Uuesalu village, Rae parish, Harju county..
- EstateGuru security agent will have the 1. rank mortgage on behalf of the lenders.
- The loan will be repaid by the sale of the property within 12 months period.
- The borrower has previously involved capital from EstateGuru platform for Ilvese road development project, which at the moment has been wholly returned.
- LTV (loan to value) ratio, including possible 2. stage of the loan, can be up to 67%
- Member of the board of the borrower will provide a personal guarantee in the full mortgage amount.