Please note! The interest rate for this mortgage loan is determined by a novel interest auction. This means that investors can make investment orders with their interest bids throughout the duration of the auction, regardless of the amount already invested in the project. An example on how the interest auction works is in our FAQ section.
This is a secured loan investment opportunity to fund the working capital business loan of OÜ Rosena DK. The company needs additional funding to enter into new markets with the product portfolio they represent. Loan will be serviced from the existing revenue the company is already earning by monthly payments according to an annuity schedule. The loan will be secured by a first lien mortgage on a family member owned summer house (see the valuation act, in estonian), with an LTV of 60%.
The initial interest is set at 12% and the final interest will be determined by an interest auction.
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