This investment opportunity is about funding a secured bridge loan to refinance Inger Hotel in Narva.
Bridge loan enables Sponsor to refinance existing bank loan and to seek for long term financing for the Hotel Inger. The loan will be repaid after 12 months, or as soon as new bank loan is received (but not earlier than 6 month).
This secured loan offers Crowdestate investors a short-term investment opportunity with the term of 12 months at 12% annual interest rate. The funding target is EUR 340,000.
The loan is secured by a first lien mortgage on an operational Inger Hotel in Narva, property valued of EUR 1,900,000 in August of 2018.
The Sponsor has committed to monthly interest payments.
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