DebtLand
Target € 203,000
Minimum Amount € 203,000
Minimum Investment € 50
€ 203,000 raised, 100%
100.0% Complete (success)

Bajoru kvartalas development loan

  • The loan is used to continue the development of residential houses on the pre-sold land plots of Bajorų kvartalas project in Kaunas area.
  • As a loan collateral, the company offers 28 residential land plots, with a total area of 34463 sq.m., in prestige town - house's area of Kaunas - Bajorų village, Ringaudai district, Lithuania. Collateral land plots are part of Bajorų kvartalas project: project page www.bajorukvartalas.lt
  • EstateGuru security agent will have the 1.st rank mortgage on behalf of the lenders
  • The loan is repaid from the sales of the houses in 12 months term.
  • The loan interest rate is serviced from the company's other business activities and from incoming revenues from others development projects of the borrower. The interest payments are paid monthly.
  • LTV (Loan-to-Value) ratio is: 55 %
  • Member of the Board of the Borrower is providing a personal guarantee in full mortgage amount. 
  • The borrower is adding 1% bonus annual interest for investors committing more than €10,000 (12%).
Interest Rate 11.0%+1.0%
investments.main.credit.rating
Loan Period12M
LTV 55.0 %
Expires Funded
Investors479
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