General Information

  • IRR%: 11
  • CoC%: -
  • Minimum: 50 EUR
  • Type: -
  • Asset: -
  • Investors: 1.93k
  • Start Date: 2019-01-26
  • End Date: 2019-02-15
  • Target: 1.65m EUR
  • Completed: 100%

Additional Information

  • Latvia

Executive SummaryLoan TermsThe loan is used to refinance an outstanding EstateGuru loan with the purpose of extending the loan period.The loan will be repaid from the sale of the collateral property or refinancing by a long-term bank loan.The loan is secured with a second rank mortgage. Member of the management board of the borrower will provide a personal surety in the full mortgage amount.Borrower adds a 1% bonus to annual interest for investments of at least €75,000 (combined annual interest 12%).The borrower retains an opportunity to raise additional capital if necessary, provided that the LTV does not exceed 48%.The established mortgage will also cover additional stages of financing.The LTV in the 1 stage is 37% and can increase to 48% in further stages.

Project offered by

EstateGuru

EstateGuru is an international marketplace for secured property loans. Our more than 17500 investors earn up to 12% p.a! #fintech #proptech

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