Purpose of a business loan
Financing requires an amount of 88 000 EUR.
Loan collateral
Mortgage of the first line of existing real estate - Mortgage. The loan will be repaid from the sale of the company's assets, future profits or after refinancing the loan.
Investment risk: C (higher)
LTV: 35%
Pledged property: residential apartment, with a total size of 168 m2 (cadastral number 9228718XG8892E0008FX), address Avda del Mar 24, Roda Golf and Beach Resort, 30739 Murcia, Spain.
Value of mortgaged property: 253 512 EUR
Interest:
• When investing from 100 Eur - interest 11.5%
• When investing from 500 Eur - interest 11.75%
• When investing from 1 000 Eur - interest 12%
• When investing from 5 000 Eur - interest 12.5%
Loan term
18 months (with the possibility of repayment earlier, but not earlier than after a period of 6 months).
If the Borrower repays the Loan amount or part thereof earlier than 6 months after the due date of 18 months, it undertakes to pay interest to the Lender for a period of 6 months. After a period of 6 months, the Borrower may repay the loan (together with the applicable interest) without any additional fees.
Company loan repayment period
Estimated start date of the loan: 2021 01 25
Expected repayment date of the loan: 2022 01 01 - 2022 02 01