DebtResidential - Appartments
Target € 233,000
Minimum Amount € 233,000
Minimum Investment € 50
Pärna 33a development loan - 1.stage
- The loan is used for purchasing a land plot to start with the development of an apartment building.
- As a loan collateral, the company offers the purchasable 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 building is finished and three apartments out of four have been successfully sold and the majority of the loan amount has been repaid to the investors.
- The loan is repaid from the sale of the apartments in 18 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.