Loan
The funding will require an amount of € 180,000 to be used for further land design, alteration and preparation work.
Loan collateral
First-line mortgages on existing real estate - Mortgage.
The value of the property is € 1,084,000. The full property valuation is uploaded in the Documents section.
The loan will be repaid from the company's income, sale of the investment project, lease or refinancing the loan.
Investment risk: B (medium)
LTV: 32%
Mortgaged property
The value of the mortgaged property is € 1,084,000. Estimated plot of land.
Annual return on investment
- Investing from 100 € - interest 11%
- Investing from 5 000 € - interest 11.5%
- Investing from 10 000 € - interest 12%
- Investing from 25 000 € - interest 12.5%
Interest on the loan is calculated from the predetermined closing date of the auction and is paid monthly. The invested amount is repaid by the project developer repaying the loan.
Loan Period
Loan term: 14 months (with the option of early repayment, but no earlier than 6 months).
If the Borrower repays the Loan Amount or part thereof less than 6 months after the due date of 14 months, the Borrower 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 at no additional charge.
Company loan repayment period
Start of the project: 2020 02 18
Expected project completion: 2020 12 18 - 2021 02 18