House – Multi-Family / Residential

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Laineoru development loan 1. phase

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Product Description

  • 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%)​

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Investment goal:
300 000 €

Funded:
300 000 €

Funded percent:
100.0%

Country:
Estonia

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