Bisbal IN Fase 2
Fixed rate loan with 6% interest, monthly installments and a 12 month term. The borrower is the company Auto Corsa SA that owns the building without any mortgage charges.
Reasons to invest
Loan to value (LTV): 3.7%.
You charge interest month by month even if the tenants leave.
Borrowing company with 33 years of history with great solvency.
The property owner has already repaid two loans in advance
Type of amortization: American (payment of monthly interest with capital amortization in the last installment). Loan destination: Working capital financing. Other mortgages or charges on the property: NO
The building (owned by Auto Corsa SA) is located at the entrance of La Bisbal D´Empordá, on the main street 10 minutes walk to the city center. The building with a constructed area of 627m2 consists of 2 premises and a large apartment on the top floor. In total you have 3 tenants with daily payments. Total value of property: 490,000 euros