Residential – Single family house

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Versmiu development loan

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Product Description

  • The loan is used for development of two residential houses.
  • As a loan collateral, the company offers an unfinished detached residential house with two apartment ownership and a land plot in the residential area of Vilnius  
  • EstateGuru security agent will have the 1 rank mortgage on behalf of the lenders
  • The loan will be repaid from the sales of the houses in 12 months period.
  • LTV (Loan-to-Value) ratio is: 65%
  • Member of the Board of the Borrower is providing a personal guarantee in full amount.

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Investment goal:
108 000 €

Funded:
108 000 €

Funded percent:
100.0%

Country:
Lithuania

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