The funding will require € 190,000 to be used for further land construction and the preparation of the planned building.
First-line mortgages on existing real estate - Mortgage.
The value of the property is € 341,000. The full property valuation is uploaded in the Documents section.
The loan will be repaid from the company's operating income, sale of assets, lease or refinancing the loan.
Investment risk: B (medium)
Mortgaged property: The value of the pledged property is € 341,000. Appraised land without building permit.
- Investing from 100 € - interest 11.5%
- Investing from € 5,000 - 12% interest
- Investing from € 10,000 - 12,5% interest
Interest on the loan is calculated from the end date of the auction and is paid monthly.
Loan term: 12 months (with option to repay earlier, but not earlier than 4 months).
If the Borrower repays the Loan Amount or part thereof less than 4 months after the due date of 12 months, the Borrower undertakes to pay interest to the Lender for a period of 4 months. After a period of 4 months, the Borrower may repay the loan at no additional charge.
Company loan repayment period
Start of project: 2019 11 30
Expected project completion: 2020 08 10 - 2020 10 10