DebtResidential - Single family house
Target € 80,000
Minimum Amount € 80,000
Minimum Investment € 50
Soku development loan 1. stage
- The loan will be used for completing the construction of a private house at Uuesalu village, Rae parish, Harju county.
- As a loan collateral, company offers a property at Uuesalu village, Rae parish, Harju county.
- EstateGuru security agent will have the 1. rank mortgage on behalf of the lenders.
- The loan will be repaid by the sale of the property within 12 months period.
- The borrower has previously raised capital from EstateGuru platform for Ilvese road development project and Metssea road 1 development project which at the moment has been wholly returned.
- LTV (loan to value) ratio, including all stages of the loan, can be up to 68%
- Member of the board of the borrower will provide a personal guarantee in the full mortgage amount.