Residential – Appartments

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Männiku road development loan 1. stage

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Product Description

  • The loan will be used for purchase and completing the construction of a development project.
  • As a loan collateral, company offers a residential land at Männiku tee, Tallinn.
  • EstateGuru security agent will have the 1. rank mortgage on behalf of the lenders.
  • The loan will be returned by the sale of the completed apartments within 12 months.
  • LTV (loan to value) ratio is 43% in the 1st stage and could be increased up to 65% in the 2nd stage of the loan.
  • Member of the board of the borrower will provide a personal guarantee in the full mortgage amount.

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Investment goal:
150 000 €

Funded:
150 000 €

Funded percent:
100.0%

Country:
Estonia

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