We are supervised by
Graja de Iniesta, Cuenca, Castile-La Mancha, Spain (2 stage)
Amount of funding
200 000 €
LTV
47%
Annual interest rate
13.00% - 15.00%
Total expected project return
11.91% - 13.75%
Loan period
11 mo.
Risk
B (medium)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Spain
Spain
Investors
439
Raised:
200 000 € Goal:
200 000 €
200 000 € Goal:
200 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | 202200846404.pdf |
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| 2 | 7522 23_Legal_report.pdf |
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About the loan
Purpose of the loan
Real estate development
Amount of funding
200 000 €
LTV
47 %
Risk
B (medium)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
11 mo.
Minimum loan period
6 mo.
Collateral
Real estate pledge
Mortgage rank
First order mortgage
Funding requires amount of € 1 000 000 which be funded in stages. The loan funds will be used to purchase a parking lot with 354 parking spaces at Pl. País Valenciano, Spain. The price of one parking space can vary from 3750 to 4500 euros. After renovating the site, the borrower plans to sell part of the parking spaces and rent the other part for long-term rent. The total sale of the parking lot can reach €1,750,000.
The loan can be refinanced in other financial institution, from income of real estate sales or from company's capital.
Investment from 100.00 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 13 %
- Investing from 1 000.00 € - fixed interest 13.25 %
- Investing from 3 000.00 € - fixed interest 13.5 %
- Investing from 9 000.00 € - fixed interest 13.75 %
- Investing from 15 000.00 € - fixed interest 14 %
- Investing from 20 000.00 € - fixed interest 14.5 %
- Investing from 25 000.00 € - fixed interest 15 %
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
11 mo.
Minimum loan period
6 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2023-01-25
Estimated loan repayment date:*
2023-12-12
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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