DebtCommercial - Office Space
Target € 220,000
Minimum Amount € 220,000
Minimum Investment € 50
Tolli 7 bridge loan
- The loan is used to finance the purchase of a commercial building and to prepare the building for renovation.
- The loan is secured with two collaterals: the purchasable commercial building in the centre of Kuressaare, and the borrower's private house which is situated 25 km from Kuressaare.
- The loan will be repaid by refinancing with a long-term bank loan within 12 months.
- The borrower will service the loan interest payments from monthly rental revenues.
- 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.