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DebtResidential - Single family house
Target € 160,000
Minimum Amount € 160,000
Minimum Investment € 50
35.0 % raised € 103,933 left
35.041875% Complete (success)

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%).
Interest Rate 11.0%+1.0%
Loan Period12M
LTV 49.0 %
Expires
in 3 days
Investors304
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