26 IN Phase 3
This is a really small renovation loan, with a really low LTV (which seems to be accurate), the funds will be used to renovate the property that it could be later sold. There's no documentation, because the whole funding amount is just 14,000 Euros.
Loan at a fixed interest rate of 8%, monthly installments and a term of 11 months. Type of amortization: American (payment of monthly interest with amortization in the last installment). Destination of the loan: FINANCING OF CIRCULANT.
The apartment is located in Santa Coloma de Gramenet, one of the reference towns of the metropolitan area of Barcelona. It has a total built area of 75 m2, consists of 2 bedrooms, 2 bathrooms, laundry room, kitchen and living room with terrace. Total value of the property: 160,000 euros