Target € 203,000
Minimum Amount € 203,000
Minimum Investment € 50
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%).