DebtResidential - Appartments
Target € 151,500
Minimum Amount € 151,500
Minimum Investment € 50
€ 151,500 raised, 100%
100.0% Complete (success)

#6341 Development loan - 1.stage (Estonia)

  • The loan is used to finance the purchasing of a property and to start with renovation work.
  • The loan will be repaid from sales revenue of the completed development project.
  • The loan is secured with a first-rank mortgage.
  • Member of the management board of the borrower will provide a personal surety in the full mortgage amount.

  • Borrower adds a 1% bonus to annual interest for investments of at least €10,000 (combined annual interest 12%).
Interest Rate 11.0%
Investment bonuses +1.0% from € 10,000 NOT_DEFINED
Loan Period24M
LTV 69.0 %
Expires Fully Invested
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Previous project completed by the Borrower