Ceskoslovenskych Tankistov, Bratislava, Slovakia
Secured bridge loan in Bratislava, Slovakia
- Start of investment period03.11.2021
- Start time03.09.2021 12:15
- Asset classIndustrial
- Investment typeDevelopment
- Investment end date30.09.2022
- Remaining term8 months
- Expected rate of return10% p.a.
- Expected cash yield%
- No of investors558
- Goal€340 000
With this investment opportunity, the Crowdestate investors have the opportunity to invest in a mortgage secured bridge loan in the amount of EUR 340,000.
The purpose of the loan is to provide operating capital for a well established construction company in Bratislava, Slovakia, Dekos Bratislava s.r.o. The Sponsor will use these funds to start new construction project in Bratislava.
The loan will be secured with a 1st. rank mortgage on the Dekos Bratislava’s property. The property is industrial real estate the Sponsor uses for its operations. The market value of the property is EUR 560,000. The loan-to-value ratio (LTV) of this project is 60%.
The Sponsor is committed to pay 10% yearly interest. There are no periodic interest payments.
This is a short-term investment opportunity. The principal and interest payments will be made as a bullet payment at the end of the 12-month loan period.
The loan will be repaid from the sponsor's operating revenues, from refinancing or from sales of the property.