DebtCommercial - Accomodation/Service
Target € 40,000
Minimum Amount € 40,000
Minimum Investment € 50
Pootsi motgage loan
- The loan will be used for refinancing of an higher interest loan and for increasing the floating assets of the company.
- As a loan collateral, company offers a property (Hunting house complex) at Tõstamaa borough, Pärnu county, Estonia.
- EstateGuru security agent will have 1st rank mortgage on behalf of the lenders, in amount of 60 000€.
- The loan interests will be serviced from the company's monthly revenues.
- The main part of the loan will be repaid from the company's business revenues or sale of the forest belongs to the company in 24 months period.
- LTV (loan to value) ratio is 65%
- Member of the board of the borrower will provide a personal guarantee in full mortgage amount.