Tanuma 32, Tallinn
Mortgage secured loan
- Start of investment period05.04.2021
- Start time15.03.2021 15:15
- Asset classResidential
- Investment typeSpeculative
- Investment end date18.03.2022
- Remaining term11 months
- Expected rate of return9% p.a.
- Expected cash yield%
- No of investors695
- Goal€288 000
This is a secured loan investment opportunity to fund the working capital business loan in amount of EUR 288,000 of Tedre Kodu OÜ. Loan will be serviced from the collateral sales according to the full bullet schedule. Current sales price is EUR 520,000. The loan will be secured with a first rank mortgage on a Sponsor's company board member owned residential house with good location in popular residential area in Tallinn at Tanuma tn 32 street (see the valuation act, in estonian), with an LTV of 60%. The house is completed, but the exploitation permit has not been issued yet. If the exploitation permit is not issued till 30.06.2021, then the interest rate will be increased up to 2% from 01.07.2021 (new interest rate will be 11%).
Investment period 12 months with opportunity of extension for 6 months . Interest rate for extended period is 11% p.a.
- cadastral code 78401:101:0617
- address Tanuma tn 32, Tallinn, Harju county
- property value according to evaluation report is EUR 480,000
- type of the collateral: residential one-family house