Value of existing real estate (land for residential buildings and dormitories): EUR 217,000
Financial amount collected: EUR 35,000
Loan maturity: 12 months (with the option to repay earlier, but not earlier than 6 months)
Annual project interest rate 14%, total project interest 14%
The pre-mortgage and asset collateral value ratio (LTV) is already 58%.
Future with the required amount of additional funding combined with a secondary mortgage loan / asset collateral value ratio (LTV) of 74%.
Loan collateral
Secondary Real Estate Mortgage - Mortgage.
The value of the property is EUR 217 000
Project installation period
Start of the project: 2019 04 10
Project preparation and process progress: 2019 04 01 - 2019 12 01 (8 months)
Start of project sale: 2019 08 01 (already started)
Expected end of the project: 2019 12 01 - 2020 02 01