The object of the loan is the administrative premises that have already been successfully funded on the Nordstreet platform located in the New Township, which require refinancing with a secondary pledge to refinance the loan held by the company.
The loan amount is EUR 10,000 (ten thousand euros).
Loan term 12 months.
The annual return on investment is 14%.
Loans are pledged as administrative premises with a market value of EUR 95,400 (ninety-five thousand four hundred euros).
The loan-to-value ratio of the primary mortgage is 74%. (Primary Mortgage Holder Nordstreet)
The loan-to-value ratio of the secondary mortgage is 85%.
The loan interest is repaid each 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.