DebtLand
Target € 123,720
Minimum Amount € 123,720
Minimum Investment € 50
€ 123,720 raised, 100%
100.0% Complete (success)

Veskimöldre residential plots bridge loan II

  • The capital raised will be used to release equity for the sales period of the single-family residential land plots.
  • The loan is secured by 2 land plots (residential land) in Laagri borough. Plots and infrastructure in the region have been developed, and all construction work is completed.
  • The active sales campaign started at Veskimölder in the spring of 2017, and today the construction of the first houses has begun. The first detached houses will be completed in the first half of 2018.
  • The loan will be returned from the revenues received from the sale of the plots in 12 months term.
  • EstateGuru security agent will have the 1.st rank mortgage on behalf of the lenders.
  • The borrower is adding 1% bonus annual interest for investors committing more than €10,000 (11%).
Interest Rate 10.0%+1.0%
investments.main.credit.rating NOT_DEFINED
Loan Period12M
LTV 60.0 %
Expires Funded
Investors377
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Veskimöldre