Target € 100,000
Minimum Amount € 100,000
Minimum Investment € 50
Pärna road bridge loan
- The loan is used to release equity to increase operating capital of the company.
- As a loan collateral, the company offers a land plot (for row house development) and as additional collateral two single family land plots in Tiskre.
- The borrower has previously raised capital through EstateGuru platform which has been already fully repaid (principal amount of €200 000) with accumulated interest (€7 307) and all the interest payments have been done in time.
- The loan is repaid from refinancing, from the sale of the loan collateral or from incoming revenues of the Borrower other business activities 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.