DebtHouse - Multi-Family / Residential
Target € 360,000
Minimum Amount € 360,000
Minimum Investment € 50
Laineoru development loan 4.th phase
- The loan will be used to continue the constructing of a detached house (3-apartment ownerships) at Laineoru road, Viimsi borough, Harju county.
- To date, all floors of the buildings are completed. Utility networks, floor heating pipelines, glass panels and windows of the building have been installed. The construction of interior partition walls has been carried out. Currently, the insulation of the facade is undergoing.
- As a loan collateral, the company offers a property in a prestigious area near Tallinn, Estonia.
- EstateGuru security agent will have the 1st rank mortgage on behalf of the lenders.
- The loan will be returned by the sale of the apartments within 12 months period.
- LTV (loan to value) in current stage is 65%.
- Member of the board of the borrower will provide a personal guarantee in full mortgage amount.
- The borrower will add 1% bonus annual interest for investors committing more than €10,000 (12%).