Residential – Appartments

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Pärna 33a development loan – 2.stage

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Product Description

  • The 2nd stage financing of the loan is used to continue the construction of the apartment building
  • As a loan collateral, the company offers the plot in Tartu City Centre.
  • The borrower has long-term experience in real estate development.
  • The borrower has previously raised capital through EstateGuru platform with Jõe 2b residential development loan. As of today, the full principal amount of the loan (€396 000) + accumulated interest (€36 800) has been successfully repaid. 
  • The loan is repaid from the sale of the apartments in 14 months period.
  • The whole project will be financed in five stages, according to the increase of the collateral value.
  • Member of the board of the borrower is providing a personal guarantee in full mortgage amount.
  • EstateGuru security agent will have the 1. rank mortgage on behalf of the lenders.

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Investment goal:
183 000 €

Funded:
183 000 €

Funded percent:
100.0%

Country:
Estonia

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