We are supervised by
Array of plots Niidu tee, Loo tee, Kasteheina tee, Ristiku tee, Elu tee, Pernu city, Estonia
Amount of funding
245 000 €
LTV
50%
Annual interest rate
11.75% - 12.75%
Total expected project return
12.72% - 13.81%
Loan period
13 mo.
Risk
B (medium)
Purpose of the loan
Bridge loan
Collateral
Real estate pledge
Country
Estonia
Estonia
Investors
294
Raised:
245 000 € Goal:
245 000 €
245 000 € Goal:
245 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | 219-0521GS+ Leonardo Golf elamurajooni kinnistud+ Papsaare küla+Pärnu linn+ Pärnu mk.pdf |
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| 2 | Leonardo Village Golf land plots evaluations 2019_145-0419GS+ Leondardo Golf Village+Papsaare küla+Audru vald+ Pärnu mk_0.pdf |
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About the loan
Purpose of the loan
To increase the company's working capital
Amount of funding
245 000 €
LTV
50 %
Risk
B (medium)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
13 mo.
Collateral
Real estate pledge
Mortgage rank
First order mortgage
Changing loan information:
- Loan amount - EUR 174,000;
- The value of the pledged property is EUR 371,000;
- LTV - 49%
The purpose of the loan is reduced to EUR 174,000. The collected amount of EUR 71,000 will be returned to investors. The borrower sells the following 4 plots, for this reason is reduced amount of the loan, the value of the mortgaged property and LTV.
- 1468 m2 plot of land at Elu tee 28, Pärnu, registration number 3927706.
- 1598 m2 plot of land at Elu tee 26, Pärnu, registration number 3924406.
- 1661 m2 plot of land at Elu tee 24, Pärnu, registration number 3924606.
- 940 m2 plot of land at Elu tee 36, Pärnu, registration number 3928506.
Funding requires an amount of € 245 000, which can be split into two stages and the funds raised for funding will be used to meet contractual obligations on the current creditor, as well as for increasing company capital. This decision will give the borrower time to sell the assets under current market price, meet existing obligations and complete preparations for the sale of the assets.
Investment from 100 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 11.75 %
- Investing from 1 000.00 € - fixed interest 12 %
- Investing from 3 000.00 € - fixed interest 12.25 %
- Investing from 9 000.00 € - fixed interest 12.5 %
- Investing from 15 000.00 € - fixed interest 12.75 %
The Interest on the Loan Amount shall be calculated from and including the date of disbursement of the Loan Amount to the Debtor's Account or to such other account (or accounts) as notified by the Debtor to the Operator in writing prior to the disbursement of the Loan Amount.
Loan term and repayment
Loan period
13 mo.
Minimum loan period
0 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2021-12-01
Estimated loan repayment date:*
2023-01-12
If the Debtor repays the Loan earlier than after the specified minimum loan period, it undertakes to pay interest to the Lender for the entire specified minimum period.
* The loan is planned to be repaid by the end of the project term from the expected growing income of the company, increasing profits, sale of assets or refinancing of the loan.
Procedure for disputes between parties to a financing transaction
The investor has the right to withdraw their investment within 96 hours from the submission of the money lending proposal on the platform
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