We are supervised by
Mesiheina tee 6, Parnu city, Estonia - 2 stage
Amount of funding
163 000 €
LTV
50%
Annual interest rate
12.00% - 13.00%
Total expected project return
14.00% - 15.16%
Loan period
14 mo.
Risk
B (medium)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Estonia
Estonia
Investors
195
Raised:
163 000 € Goal:
163 000 €
163 000 € Goal:
163 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | 435-1122GS+ Leonardo Golf elamurajooni kinnistud+ Papsaare küla+Pärnu linn+ Pärnumaa_0.pdf |
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| 2 | Erel Group Traiding OU.pdf |
|
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| 3 | 1 aukšto planas.pdf |
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| 4 | 2 aukšto planas.pdf |
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| 5 | 3 aukšto planas.pdf |
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About the loan
Purpose of the loan
Real estate development
Amount of funding
163 000 €
LTV
50 %
Risk
B (medium)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
14 mo.
Minimum loan period
2 mo.
Collateral
Real estate pledge
Mortgage rank
First order mortgage
The amount of 326,000 euros is required for financing, which will be divided into stages. The company is starting the construction of the second phase of the apartment building at Mesiheina tee 6, Pärnu city, Estonia. The first phase of the building (21 apartments) is completed and all the apartments in it have been sold. In the second phase, the company will build another 21 apartments with terraces (total useful area 1281.60 sq. m).
Investment from 100.00 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 12 %
- Investing from 1 000.00 € - fixed interest 12.25 %
- Investing from 3 000.00 € - fixed interest 12.5 %
- Investing from 9 000.00 € - fixed interest 12.75 %
- Investing from 15 000.00 € - fixed interest 13 %
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
14 mo.
Minimum loan period
2 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2023-06-29
Estimated loan repayment date:*
2024-08-19
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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Annual interest rate
16% - 16%
- Investors 43
- LTV 0%
- Risk group B (medium)
- Months 24
- Collateral Guarantees / surety
Lithuania
Fully invested
The status indicates that the necessary funds have been raised to finance the loan, but the transaction has not yet taken place and is currently in the process of fulfilling the loan disbursement conditions (mortgage etc). At this
stage, the interest does not count. Interest starts to run after the loan is paid to the debtor and the project
status changes to "Processing". By default, fulfillment takes 2-3 weeks.
Business loan #00337 (2 stage)
Raised:
12 000 € Goal:
12 000 €
12 000 € Goal:
12 000 €
100%
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