House – Multi-Family / Residential

To see more information, please login

Laineoru development loan 3. phase

Share on:

Product Description

  • The loan will be used for constructing of a detached house (3-apartment ownerships) at Laineoru road, Viimsi borough, Harju county.
  • At the moment, all floors of the building has finished, the facade will be insulated and windows will be installed.
  • 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 €1 000 000 in 3-4 stages. For each stage of financing, the maximum LTV can be up to 65%. 
  • LTV by the current stage is 61% total (including 1st, 2nd and the current phase of financing)
  • 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 at least 15 000 EUR (total 12.0% p.a.).

Learn more

Investment goal:
150 000 €

Funded:
150 000 €

Funded percent:
100.0%

Country:
Estonia

HighCastle is entirely FREE to use. If you are an investor, HighCastle can be used to discover a variety of alternative finance platforms from across Europe.
You do not need to verify your identity in order to use HighCastle as a discovery tool, however, you will need to verify your identity (KYC, AML) at your account page should you wish to invest in any of the investment opportunities on display.

Got something to discuss?