26 IN Phase 3

 Renovation Loan
Barcelona, Spain
Status
Done
14 000 € (100%)
14 000 €
26 investor(s)
Term: 11 months
Interest payment schedule: Monthly
8%
Annual yield
9%
LTV
First
Mortgage rank
Yes
EVOEstate skin in the game


EVOEstate comment:

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.
 

Inveslar comment:

The asset
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.

Characteristics
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

Project provided by:
Status
Done
14 000 € (100%)
14 000 €
26 investor(s)
Term: 11 months
Interest payment schedule: Monthly
8%
Annual yield
9%
LTV
First
Mortgage rank
Yes
EVOEstate skin in the game