The purpose of current investment opportunity is to finance the construction of 10 apartments (row house) in a Veskimöldre-2 residential area at Metsapargi St. 6, in the total amount of EUR 1,100,000. Current campaign is fourth and in amount of EUR 150,000. The loan is secured by a first rank mortgage on Metsapargi St. 6 property. Fixed interest rate is 11% pa and the loan agreement is scheduled for 9 months.
The construction of Metsapargi 6 row-house is on schedule and interior finishing works are underway. The same developer owns immovables next to Metsapargi St. 6: Metsapargi St. 4, Taevasilma St. 3 and Taevasilma St. 5. All registered immovables have construction rights for the construction of 10-apartment buildings.
The Sponsor has signed first real right contract of sale and first round investors have received first loan repayment. Currently there are 2 apartments unsold out of 10.
The sales prices for apartments are between 199,000 and 214,000 euros. The size of each apartments is 115.1 m2.
Project offered by