DebtResidential - Single family house
Target € 160,000
Minimum Amount € 160,000
Minimum Investment € 50
Sangla bridge loan
- The loan is used to refinance an outstanding more expensive loan and to increase the operating capital of the company for the sales period of the loan collateral.
- As a loan collateral, the borrower offers a fully renovated 278.1 m² two-storey modern dwelling in a prestigious area of Tartu, about 3.5 km from the city centre.
- The borrower has extensive experience in real estate management.
- The loan is repaid from the borrower's business operations or the proceeds from the sale of the borrower's personal property within 12 months.
- 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.