The object of the loan is a successfully financed project during Stage 1 on the Nordstreet platform!
Applegate SOTEL Community is a new-construction "rent-to-buy" pro-active adult neighbourhood specifically designed as a supportive community where services and care can be readily available to people wanting to grow older self-sufficiently, but also stay focused on living well now. Now we are collecting funds for land infrastructure development.
Amount of the loan: 80 000 €
Loan term: 7 months
The annual return on loan investment: 12%.
LTV (loan-to-value): 17%
Object of the loan: land infrastructure development
Loan pledged property: $ 1.660 million worth land. You will find a valuation of the asset in the attachment.
This project, probably, will be funded in several stages, so the final LTV (loan-to-mortgage ratio) will not exceed 50%. The pledge of assets at all stages of financing will be the mortgage of the original project under development.
IMPORTANT! Investing in higher amounts is an opportunity to get additional interest. There is also the opportunity to invest in the next stages. For additional information please contact us by email: [email protected]
Interest on the loan is calculated from the end date of the auction and is paid monthly.
The loan is repaid by the end of the project term through the sale of the project, the proceeds of the business or the refinancing of the loan.
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