DebtCommercial - Office Space
Target € 255,000
Minimum Amount € 255,000
Minimum Investment € 50
€ 255,000 raised, 100%
100.0% Complete (success)

Aardla 15 refinancing loan

  • The loan will be used to refinance the previous EstateGuru loans for the property sales period.
  • The borrower has previously raised capital through EstateGuru platform in the total amount of €611,000.
  • Currently, the borrower has repaid ~€450,000 of the raised amount (incl. interest).
  • With the loan, a 2-storey building with a basement and a loft has been rebuilt into a 3-storey building.
  • Currently, 5 residential apartments of the building are for sale as well as 4 commercial apartment ownerships.
  • As a loan collateral, the company offers 9 apartment ownerships at Ropka district of Tartu.
  • EstateGuru security agent will have the 1st rank mortgage on behalf of the lenders.
  • The loan will be repaid within 12 months from the sales of the apartments and commercial premises.
  • LTV (loan to value) ratio is 65%.
  • Member of the board of the borrower will provide a personal guarantee in full mortgage amount.

 

 

Interest Rate 11.0%
investments.main.credit.rating
Loan Period12M
LTV 65.0 %
Expires Funded
Investors569
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