DebtCommercial - Office Space
Target € 255,000
Minimum Amount € 255,000
Minimum Investment € 50
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.