Residential – Appartments

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Residential – Appartments

Originator: estateguru

Kaunas townhouse bridge loan

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Product Description

  • The loan is used to finish the construction of a brand new A++ class residential development project in Kaunas City Centre, Lithuania. 
  • As a loan collateral, the company offers 1253 sq.m. land plot, including a depreciated apartment building with 4 apartments in prestige Žvėrynas area of Vilnius, Lithuania.
  • The borrower is one of the most well-known developers Lithuania, having successfully developed numerous large scaled projects in Kaunas and Vilnius.
  • The loan is repaid from the sales of the apartments in 18 months term.
  • The loan interest rate is serviced from the company's other business activities and from incoming revenues from others development projects of the borrower. The interest payments are paid every 6 months.
  • EstateGuru security agent will have the 1st rank mortgage on behalf of the lenders.

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Funded: 356 562 €
Funded percent: 100.0%

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