Väljamaa tee 11,12, Hüüru küla, Saue vald

This is a secured loan investment opportunity to fund the working capital business loan in amount of EUR 90,000 of TM Infra OÜ. Loan will be serviced from the collateral sales according to the full bullet schedule after the completion of the construction of 2 one-family houses. Current value of two land plots with valid construction permit for two identical one-family houses is EUR 178,000. 

The loan will be secured with a first rank co-mortgage on land plots at Väljamaa tee 11 and 12, Hüüru municipality, Saue parish, Harju country (see Väljamaa tee 12 valuation act, in estonian), with an LTV of 50,56%. Both houses are under construction. The foundation is ready and the walls of two houses are built. A roof is planned for both houses this week. Other construction costs will be covered with the Sponsor company owner's loan.

Investment period 6 months with opportunity of extension for 3 months. Interest rate for extended period is 11% p.a.

IRR 9,7%

Collateral details:

• cadastral code 72501:001:0219, 72501:001:0220
• address Väljamaa tee 11, 12 Hüüru municipality, Saue parish, Harju county
• property value according to evaluation report is EUR 178,000
• type of the collateral: residential one-family houses under construction
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