Välja tee 21/1-1, Tiskre küla, Harku vald
Mortgage secured loan
- Start of investment period13.08.2021
- Start time05.08.2021 10:30
- Asset classResidential
- Investment typeSpeculative
- Investment end date31.07.2022
- Remaining term9 months
- Expected rate of return10% p.a.
- Expected cash yield%
- No of investors169
- Goal€70 000
This is a secured loan investment opportunity to fund the working capital business loan in total amount of EUR 130,000 of Torreta OÜ. The amount of the first financial round is EUR 70,000. Loan will be serviced from the collateral sales according to the full bullet schedule after the completion of the construction of row house apartment at Välja street 21/1-1, Tiskre municipality, Harku parish. Current value of the collateral according to it's future value and uncompleted construction works is EUR 172,500.
The loan will be secured with a first rank mortgage on the apartment at Välja street, 21/1-1, Tiskre municipality, Harku parish, Harju country (see Välja tee 21/1-1 valuation act, in estonian) imaginary part. The Välja tee 21/1 property will be divided on apartment ownerships till the end of September 2021. The project maximum LTV of 67,83%, if the apartment is 100% completed. The current financial round LTV is 40,58%
Investment period up to 12 months with annual interest rate 10%.
- cadastral code 19801:002:1815
- address Välja street 21/1-1, Tiskre municipality, Harku vald, Harju country
- property value according to evaluation report and uncompleted construction works is EUR 172,500
- type of the collateral: residential row house apartment under construction