DebtResidential - Appartments
Target € 182,000
Minimum Amount € 175,000
Minimum Investment € 50
Kr. Valdemara 34 purchase loan
- The loan is used to purchase 2 apartments in Riga city center, to divide them into smaller apartments and sell them at a profit.
- As a loan collateral, the company offers 2 apartments in Riga city center.
- EstateGuru security agent will have the first rank mortgage on behalf of the lenders
- The loan is repaid from the sale of the apartments within 24 months.
- LTV (Loan-to-Value) ratio is 73%
- Member of the Board of the Borrower is providing the personal guarantee in full mortgage amount.
- The borrower is adding 1% bonus annual interest for investors committing more than €10,000 (12%).