22 IN Fase 2

 Bridge loan
Figueres,
Spain
6%
Annual yield
18%
LTV
Term: 10 months
Mortgage rank:
First
Interest payment schedule:
Monthly
Interest payments
30.09.2019
Paid
24.10.2019
Paid
27.12.2019
Paid
29.12.2019
Paid
31.03.2020
Paid
31.03.2020
Paid
31.03.2020
Paid
19.05.2020
Paid
07.07.2020
Paid
07.07.2020
Repaid

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Descripton

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.

Inveslar description:

The asset
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.

Location
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.

Characteristics
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

Project originated by:
6%
Annual yield
18%
LTV
Term: 10 months
Mortgage rank:
First
Interest payment schedule:
Monthly
Interest payments
30.09.2019
Paid
24.10.2019
Paid
27.12.2019
Paid
29.12.2019
Paid
31.03.2020
Paid
31.03.2020
Paid
31.03.2020
Paid
19.05.2020
Paid
07.07.2020
Paid
07.07.2020
Repaid
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