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Loo tee, Elu tee, Pärnu city, Estonia (1 stage)
Amount of funding
153 000 €
LTV
50%
Annual interest rate
13.00% - 14.50%
Total expected project return
17.33% - 19.33%
Loan period
16 mo.
Risk
B (medium)
Purpose of the loan
Refinancing
Collateral
Real estate pledge
Country
Estonia
Estonia
Investors
218
Raised:
153 000 € Goal:
153 000 €
153 000 € Goal:
153 000 €
100.00%
| # | File name | File type | Actions |
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| 1 | Įstatai.pdf |
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| 2 | 346-0925GS, Loo tee 10, Papsaare küla, Pärnu linn, Pärnu maakond (hoonestamata elamumaa).pdf |
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| 3 | 345-0925GS, Loo tee 6, Papsaare küla, Pärnu linn, Pärnu maakond (hoonestamata elamumaa).pdf |
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| 4 | 348-0925GS, Loo tee 12, Papsaare küla, Pärnu linn, Pärnu maakond (hoonestamata elamumaa).pdf |
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| 5 | 349-0925GS, Elu tee 20, Papsaare küla, Pärnu linn, Pärnu maakond (hoonestamata elamumaa).pdf |
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| 6 | 350-0925GS, Elu tee 26, Papsaare küla, Pärnu linn, Pärnu maakond (hoonestamata elamumaa).pdf |
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| 7 | 351-0925GS, Elu tee 28, Papsaare küla, Pärnu linn, Pärnu maakond (hoonestamata elamumaa).pdf |
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| 8 | 352-0925GS, Elu tee 30, Papsaare küla, Pärnu linn, Pärnu maakond (hoonestamata elamumaa).pdf |
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| 9 | 354-0925GS, Elu tee 36, Papsaare küla, Pärnu linn, Pärnu maakond (hoonestamata elamumaa).pdf |
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| 10 | 353-0925GS, Elu tee 32, Papsaare küla, Pärnu linn, Pärnu maakond (hoonestamata elamumaa).pdf |
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| 11 | PIID (1 stage) (153 000 EUR).pdf |
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About the loan
Purpose of the loan
Loan refinancing
Amount of funding
153 000 €
LTV
50 %
Risk
B (medium)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
16 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Mortgage rank
First order mortgage
Amount allocated by project owner
260 000.00 €
Loan Objective
The amount of €261,000 is required for the financing, which will be raised in 2 stages. The loan will be used to refinance an existing loan, whereby the borrower will benefit from the loan for an additional period of 16 months. The loan will be repaid from the sale of residential land owned by the borrower. The sale of the plots has already started, several plots have been sold, several more are under negotiation and the main further sales are planned for spring/summer 2026. The company has been selling plots of land in this block on a regular basis and the open market prices are fully in line with the market values set by the valuers. The loan can also be refinanced with another financial institution or repaid from the company's other income. The amount that the project owner is contributing to the project is EUR 260 000.
About the project
"Leonardo Golf Village" is a unique project in Pärnu. It consists of 10 apartment blocks and 69 private houses. It is located in a rapidly developing area and is one of the most significant new developments in Pärnu. Everything you need for life is close at hand. "Leonardo Golf Village offers a solution for a new lifestyle, a unique location in the middle of the green. Public transport 50 m, kindergarten and supermarket 300 m, golf course and beach 500 m.
The mortgaged property consists of nine undeveloped residential plots forming an integrated complex near Pärnu, Estonia. The plots are located along Loo tee and Elu tee streets, in a quiet, fast-developing residential area close to the sea and the infrastructure of Pärnu. All plots are similar in size (940-2 052 m²) and follow the same detailed plan for residential development. The area is equipped with or planned to be equipped with basic utilities, access roads and subdivision of the plots. According to the appraisals, the value of the plots ranges from €50 000 to €63 000, with an average value of around €58 000.
Together, these plots form a coherent portfolio of attractively located residential plots, suitable for both individual development and as an investment property for the development of a residential estate.
For more information on the project (see Description of the Mortgaged Property) (see Documents).
Investment from 10.00 €.
Interest
Annual interest rate
- Investing from 10.00 € - fixed interest 13 %
- Investing from 1 000.00 € - fixed interest 13.25 %
- Investing from 3 000.00 € - fixed interest 13.5 %
- Investing from 5 000.00 € - fixed interest 13.75 %
- Investing from 7 000.00 € - fixed interest 14 %
- Investing from 10 000.00 € - fixed interest 14.25 %
- Investing from 15 000.00 € - fixed interest 14.5 %
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
16 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2025-11-13
Estimated loan repayment date:*
2027-03-10
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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