22 IN Fase 2Bridge loan
Why this is a skin in the game project:
Small project with solid collateral, although the returns aren't that attractive, it's an attractive project for diversification purposes and balancing the portfolio.
Fixed rate loan with 6% interest, monthly installments and a 10 month term. Type of amortization: American (payment of monthly interest with amortization in the last installment). Loan destination: Working capital financing.
Figueres is the capital of the Catalan region of Alt Empordà. Figueres is located in the northeast corner of Catalonia. It is the most important city near the border with France and articulates an important communications hub that makes it a gateway and a must-stop point for travelers and tourists entering and leaving Spain.
The apartment is located in the city center, 2 minutes walk from the Dalí museum and one minute from the train and bus station. It has a constructed area of 94 m2, consists of 3 bedrooms, 1 bathroom, toilet, laundry room, kitchen and living room with terrace. Total value of the property: 120,000 euros