Purpose of a business loan
Financing requires an amount of 153 000 EUR.
Loan collateral
Mortgage of the first line of existing real estate - Mortgage. The loan will be repaid from the sale of the company's assets, future profits or after refinancing the loan.
Investment risk: C (higher)
LTV: 49%
Pledged property: apartments with a total area of 231.10 m2 (un.nr 2555802YH0025N0001UA, these premises will be divided into 4 separate units), parking space No.2 (un.nr. 2555802YH0025N0035OD), area 15.30 m., parking space No.3 (un. no. 2555802YH0025N0036PF) with an area of 11.00 m2., parking space No.4 (un.nr. 2555802YH0025N0037AG) with an area of 11.00 m2., parking space No.5 (un.nr. 2555802YH0025N0038SH) with an area of 11.25 m2 ., parking place No.6 (un.nr. 2555802YH0025N0039DJ), with an area of 8.50 m2, located at the address Torreagüera str.1, Torevjecha city, Alicante region, Spain.
Value of mortgaged property: 313 546 EUR
Interest:
• When investing from 100 EUR - interest 11.25%
• When investing from 500 EUR - interest 11.5%
• When investing from 1 500 EUR - interest 12%
• When investing from 5 000 EUR - interest 12.25%
• When investing from 7 500 EUR - interest 12.5%
Loan term
18 months (with the possibility of repayment earlier, but not earlier than after a period of 3 months).
If the Borrower repays the Loan amount or part thereof earlier than 3 months after the due date of 18 months, it undertakes to pay interest to the Lender for a period of 3 months. After a period of 3 months, the Borrower may repay the loan (together with the applicable interest) without any additional fees.
Company loan repayment period
Estimated start date of the loan: 2021 10 01
Expected repayment date of the loan: 2022 01 01 - 2022 02 01