DebtResidential - Single family house
Target € 160,000
Minimum Amount € 160,000
Minimum Investment € 50
Ozolu st bridge loan - 1st stage
- The loan is used to flip a house.
- As a loan collateral, the company offers a single residential house nearby Riga, Latvia.
- The borrower is experienced real estate developer and is working in the market for more than 20 years.
- EstateGuru security agent will have the 1st rank mortgage on behalf of the lenders
- The loan is repaid from the sale or refinancing within 12 months period.
- LTV (Loan-to-Value) ratio is 49%
- Member of the Board of the Borrower is providing a personal guarantee in full amount.
- The borrower is adding 1% bonus annual interest for investors committing more than €10,000 (12%).