We are supervised by
Kunderi str. 34, Laulupeo str. 11/11a/11b,Tallinn, Estija (1 stage)
Amount of funding
100 000 €
LTV
60%
Annual interest rate
11.00% - 12.00%
Total expected project return
16.50% - 18.00%
Loan period
18 mo.
Risk
C (higher)
Purpose of the loan
Bridge loan
Collateral
Real estate pledge
Country
Estonia
Estonia
Investors
166
Raised:
100 000 € Goal:
100 000 €
100 000 € Goal:
100 000 €
100.00%
| # | File name | File type | Actions |
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| 1 | Vertinimas.pdf |
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About the loan
Purpose of the loan
Real estate development
Amount of funding
100 000 €
LTV
60 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
18 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Mortgage rank
First order mortgage
Funding requires an amount of € 2 280 000, which will be split into 10 - 11 stages. The aim of the developer of the real estate project at Kunderi Str 34 and Laulupeo Str 11 is to reconstruct the buildings. As a result of the renovation, will become 25 apartments with a salable area of 1,387 m2. By raising the ridge of the roof so that an additional third floor will be created at the expense of the attic. In addition, there will be 2 commercial spaces on the basement floor with sizes of 37 m2 and 30.7 m2. There will be 4 parking spaces in the courtyard and 10 storage rooms with a storage area of 4 m2. Some of the ground floor apartments will be built on 2 floors, partly on the basement floor. A gas fireplace will be installed in some of the attic apartments.
Current market value: 1 345 200 €. Future market value: 3 384 000 €.
The LTV ratio of the project will not exceed 60% of the value of the pledged Property.
Investment from 100.00 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 11 %
- Investing from 1 000.00 € - fixed interest 11.25 %
- Investing from 3 000.00 € - fixed interest 11.5 %
- Investing from 9 000.00 € - fixed interest 11.75 %
- Investing from 15 000.00 € - fixed interest 12 %
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
18 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2021-12-29
Estimated loan repayment date:*
2023-06-23
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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