Loan
The financing requires an amount of € 225,000, which will be used to free up the company's capital, to develop the real estate project and to refinance its remaining loan.
Loan collateral
First-line mortgages on existing real estate - Mortgage. The loan will be repaid from the company's operating income, sale of assets, lease or refinancing the loan.
Investment risk: B (medium)
LTV: 49 %
Mortgaged property: The value of the pledged property is 720 000€ Appraised land with building permit.
Interest:
- Investing from 100 € - interest 13.5%
- Investing from € 5,000 - 14% interest
- Investing from € 12,500 - 14,5% interest
- Investing from € 25 000 - 15% interest
The interest on the Loan Amount shall be calculated from and including the date of disbursement of the Loan Amount to the Borrower's Paysera account or to such other account (or accounts) as notified by the Borrower to the Operator in writing prior to the disbursement of the Loan Amount.
Loan Period
Loan term: 18 months (with option to repay earlier, but not earlier than 4 months).
If the Borrower repays the Loan Amount or part thereof less than 4 months after the due date of 18 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
Start of project: 2020 04 25
Expected project completion: 2020 12 01 - 2021 10 30