DebtResidential - Appartments
Target € 205,000
Minimum Amount € 205,000
Minimum Investment € 50
Tallinna mnt bridge loan
- The loan will be used for refinancing previous EstateGuru loans and for completing the construction works
- As a loan collateral, the company offers nine apartment ownerships in the city of Pärnu, at Tallinn motorway.
- EstateGuru security agent will have the 1. rank mortgage on behalf of the lenders
- The loan will be repaid from the company's income of the sale of the apartments within 12 months period.
- LTV (loan to value) ratio is 57%
- Member of the board of the borrower will provide a personal guarantee in full mortgage amount.