About Loan
The amount of funding required is € 180 000, which will be used to complete the acquisition of the site, the preparation of project documentation and the initial earthworks.
Loan collateral
First-line mortgages on existing real estate - Mortgage.
The value of the property is € 370,000. The full property valuation is uploaded in the Documents section.
The loan is repaid by the end of the project term through the sale of the project, the project premises, the company income or the refinancing of the loan.
Investment risk: C
LTV: 48%
Mortgaged property
The value of the mortgaged property is € 370,000. The plot of land with a total area is 1,1123 ha.
Interest
- Investing from 100 € - 11,5% interest
- Investing from € 2,500 - 12% interest
- Investing from € 7 500 - 12.5% interest
- Investing from € 15 000 - 13% interest
Interest on the loan is calculated from the end date of the auction and is paid monthly.
Loan Period
Loan term: 12 months (with option to repay earlier, but not earlier than 5 months).
If the Borrower repays the Loan Amount or part thereof less than 5 months after the due date of 12 months, the Borrower undertakes to pay interest to the Lender for a period of 5 months. After a period of 5 months, the Borrower may repay the loan at no additional charge.
Company loan repayment period
Expected start of the project: 2019 10 29
Expected Project Completion: 2020-12-29 - 2021-02-29