DebtResidential - Single family house
Target € 160,000
Minimum Amount € 160,000
Minimum Investment € 50
€ 160,000 raised, 100%
100.0% Complete (success)

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.
Interest Rate 10.5%
investments.main.credit.rating
Loan Period12M
LTV 66.0 %
Expires
Closed
Investors574
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