DebtResidential - Appartments
Target € 151,500
Minimum Amount € 151,500
Minimum Investment € 50
#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%).