DebtCommercial - Accomodation/Service
Target € 40,000
Minimum Amount € 40,000
Minimum Investment € 50
€ 40,000 raised, 100%
100.0% Complete (success)

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.
Interest Rate 10.75%
investments.main.credit.rating
Loan Period24M
LTV 65.0 %
Expires Funded
Investors192
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