- The raised capital will be used to acquire 2 residential land plots with a construction right for terraced houses. The funds are also used for development preparation period as well as to start the first construction works.
- As a loan collateral, the borrower offers the purchasable 2 land plots (land plots with a construction right for terraced houses) in the Veskimöldre area, Laagri.
- The borrower has a long-term experience in real estate development.
- The borrower will be paying monthly interest payment partially, meaning that 50% of the amount is paid monthly and 50% will accumulate to the end of the loan term period.
- The loan will be refinanced with the bank's construction loan in 12 months term.
- EstateGuru security agent will have the 1.rank mortgage on behalf of the lenders.
- The borrower's parent company guarantees the loan's interest payments (including the possible penalties and compensations) and the loan's principal amount is guaranteed by the seller's repurchase obligation.
- The borrower is adding 1% bonus annual interest for investors committing more than €10,000 (12%).