Value of the existing real estate property (residential apartment): 96 733 Eur
Installation cost for which financing is required: 40,000 Eur (full furnishing)
Loan maturity: 18 months (with early repayment date)
Interest 12%
Loan and Value (Loan to Value): 41%
The loan is repaid at the end of the project period when the premises are sold or refinanced.
Loan collateral
First-rate real estate mortgage - Mortgage.
The value of the property is 96 733 Eur
Estimated period of project installation:
Project start: 2018 12 12
Project installation progress: 2018 12 15 - 2019 03 15 (3 months)
The beginning of the sale of premises: 2019 03 01 (alternative will be to refinance the project)
Expected completion of the project: 2019 06 12