- The loan will be used for constructing of a detached house (5-apartment ownerships) at Laineoru road, Viimsi borough, Harju county.
- At the moment, the basement section has been finished, it will be insulated and strengthened to proceed with the construction works.
- As a loan collateral, the company offers a property in a prestigious area near Tallinn, Estonia.
- EstateGuru security agent will have the 1st rank mortgage on behalf of the lenders.
- The loan will be returned by the sale of the apartments within 12 months period.
- The borrower can raise additional capital for up to a total of €800 000 in 2-3 stages. For each stage of financing, the maximum LTV can be up to 65%.
- Member of the board of the borrower will provide a personal guarantee in full mortgage amount.
- The borrower will add 1% bonus annual interest for investors committing more than €10 000 (total 12%)