Without collecting the required funds until the start of the project, i.e. December 8th all investments will be returned to the invested people back.
The object of the loan is a residential apartment for sale and / or rent located in Antakalnis subdistrict, which needs financing - to complete the apartment installation.
The loan amount is 40,000 Eur (forty thousand euros).
The maturity of the loan is 18 months.
The loan return on investment is 12%. (annual interest)
The loan is mortgaged property - an apartment with an average market value of 96,733 Eur (ninety six thousand seven hundred thirty three euros).
The LTV (loan-to-value ratio) ratio is 41%.
The interest on the loan is repaid each month starting in 2019. January. The loan is repaid at the end of the project, after the sale or refinancing of the project.
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