Tammelehe 2, 76901 Tabasalu (V)

Einzelheiten

Land

Estland

Typologie

N.v.Secured debt

Sektor

ImmobilienResidential

Endtermin

02/07/2018 (2350 Tage)

Zinssatz

14.08%

Zinssatz p.a.

13.00%

Laufzeit

13 Monate

Investoren

244

“The project at Tammelehe street (Tabasalu, Harku county, Harjumaa) includes 3 separate land plots that have received a building permit to develop a row house with 6 apartments and to develop Tammelehe street (the street, communications, lighting). The Sponsor of the Project, Rolegur OÜ, plans to complete the street and the first rowhouse simultaneously with the completion date by the end of  2018. This investment opportunity offers the possibility to fund the development of a row house located at Tammelehe 2, Estonia in the total amount of EUR 690,000. The development is financed in tranches according to the invoices submitted by the main contractor. With each new funding round, the value of the underlying asset will increase until the row house is finished. The fifth and final funding round of Tammelehe 2 development requires funding in the amount of EUR 70,000.   The loan is secured by a first rank mortgage and is paying a 13. 0% interest rate p. a.”