The object of the loan is commercial premises that have already been successfully financed on the Nordstreet platform in the New Town, which require additional financing with a secondary pledge to finance the company's working capital.
The additional amount of the loan is EUR 20,000 (twenty thousand euros).
Loan term is 12 months.
The annual return on investment is 15%.
Loan pledged assets are commercial premises with a market value of EUR 105,000 (one hundred and five thousand euros).
Loan-to-value ratio of primary mortgage 51%. (Primary Mortgage Holder Nordstreet)
The loan-to-value ratio of the secondary mortgage is 70%.
The loan interest is repaid every month starting from the start of the project.
The loan is repaid by selling the premises by the end of the project term or by refinancing the company.