DebtResidential - Appartments
Target € 183,000
Minimum Amount € 183,000
Minimum Investment € 50
Pärna 33a development loan - 2.stage
- The 2nd stage financing of the loan is used to continue the construction of the apartment building
- As a loan collateral, the company offers the plot in Tartu City Centre.
- The borrower has long-term experience in real estate development.
- The borrower has previously raised capital through EstateGuru platform with Jõe 2b residential development loan. As of today, the full principal amount of the loan (€396 000) + accumulated interest (€36 800) has been successfully repaid.
- The loan is repaid from the sale of the apartments in 14 months period.
- The whole project will be financed in five stages, according to the increase of the collateral value.
- Member of the board of the borrower is providing a personal guarantee in full mortgage amount.
- EstateGuru security agent will have the 1. rank mortgage on behalf of the lenders.