About Loan
The funding requires € 101,000 to be used for the purchase of the site, preparation of project documentation and preliminary earthworks.
Loan collateral
First-line mortgages on existing real estate - Mortgage.
The value of the property is € 190,000. The full property valuation is uploaded in the Documents section.
The loan is repaid by the end of the project term through the sale of residential flats, income from the company or refinancing the loan.
Investment risk: C
LTV: 53%
Mortgaged property
The value of the pledged property is € 190,000. Land plot with residential house and yard structures are valued
Interest
- Investing from 100 € - 10,5% interest
- Investing from € 2,500 - 11% interest
- Investing from € 5,000 - 11.5% interest
- Investing from € 10,000 - 12% interest
Interest on the loan is calculated from the end date of the auction and is paid monthly. Under special offers, the interest rate for investors may differ from those described above.
Loan Period
Loan term: 15 months (with option to repay earlier, but not earlier than 4 months).
If the Borrower repays the Loan Amount or a portion thereof less than 4 months after the due date of 15 months, the Borrower undertakes to pay interest to the Lender for a period of 4 months. After a period of 4 months, the Borrower may repay the loan at no additional charge.
Company loan repayment period
Expected start of the project: 29 -09 - 2019
Expected Project Completion: 29-09-2020 - 29-12-2010