Ranniku tee 54, Tallinn

The Sponsor offers an investment opportunity and granting a EUR 145,000 loan secured by a 1st rank mortgage on Ranniku tee 54 immovable. The property is located in the highly valued Pirita district, in Merivälja urban area, about 10 km from Tallinn city center. The size of the unimproved building land is 1528 m². The value of the property is EUR 267,000 (see the appraisal report) and LTV 64%..  

Loan interest rate is 10% on an annual basis. 

Internal rate of return (IRR) of the loan with monthly interest payments is 10.5%. 

Investment period is 12 months and the term can be extended once unilaterally by the borrower by 6 months. After the extension, the interest rate will be 12% p.a. 

The loan will be repaid when property is sold or by refinancing at the end of the loan period latest.