- 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.).