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Post by stykos on Jan 24, 2015 10:53:06 GMT
We are glad to inform that we have new project available for investors. The developer is seeking for 80 000 Eur to finance the purchase of 11 land plots close to seaside, where to build private houses. Interest rate: 13% loan period: 18 months LTV: 54% The auction will close in 9 days Moreover, we have found an anchor investor, who are interested in lending the whole sum. But we would like to give an opportunity to small investors as well, therefore the remaining part will be financed by our anchor investor. The loan will be withdrawn anyway, so it's good time to try out our service. The loan application itself is here. In case you have questions or need additional information feel free to contact us. |
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Post by yorkshireman on Feb 3, 2015 14:18:34 GMT
Would this development happen to be in Greece by any chance?  |
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oldgrumpy
Member of DD Central
Posts: 5,087 
Likes: 3,233
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Post by oldgrumpy on Feb 3, 2015 15:05:33 GMT
yorkshiremanEstonia. Give me Yorkshire any day. Or night. Despite that bl**dy cold wind off the North Sea!!
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Post by yorkshireman on Feb 4, 2015 12:41:06 GMT
yorkshiremanEstonia. Give me Yorkshire any day. Or night. Despite that bl**dy cold wind off the North Sea!! In June 2013 we visited St Petersburg which isn't that far from the Russian / Estonian border and temperatures were in the region of 26/27C so the Estonian seaside might be OK!
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oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
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Post by oldgrumpy on Feb 4, 2015 12:58:48 GMT
Quite right. Continentality and all that stuff. I was thinking more of whether I would invest in Estonia, and chose Yorkshire. I used to go near Barnsley occasionally to a specialist plant nursery, and younggrumpy hostelled in the N Yorkshire Moors and Robin Hood's Bay in the 1970s. I have cousins are in Harrogate - they act in the theatre there a few times each year. I ought to visit more often really.
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Post by yorkshireman on Feb 4, 2015 14:07:43 GMT
Quite right. Continentality and all that stuff. I was thinking more of whether I would invest in Estonia, and chose Yorkshire. I used to go near Barnsley occasionally to a specialist plant nursery, and younggrumpy hostelled in the N Yorkshire Moors and Robin Hood's Bay in the 1970s. I have cousins are in Harrogate - they act in the theatre there a few times each year. I ought to visit more often really. You’re obviously a man with excellent taste OG, in view of those comments I will nominate you as a honorary Tyke. You mention continentality, are you familiar with the antonym? English newspaper headline: “Fog in English Channel, continent cut off”
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Post by wildlife2 on Feb 4, 2015 17:32:29 GMT
I love Yorkshire, had many visits 'Up North' in my childhood days to see my grandmother, and have distant relatives scattered around there. Oh, and Yorkshire tea is the best  .
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Post by yorkshireman on Feb 4, 2015 19:40:53 GMT
I love Yorkshire, had many visits 'Up North' in my childhood days to see my grandmother, and have distant relatives scattered around there. Oh, and Yorkshire tea is the best . Someone else with good taste who qualifies to be a honorary Tyke!
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Post by stykos on Feb 26, 2015 11:59:26 GMT
We are happy to announce that "seaside residential properties" loan application was successfully funded few weeks ago. All necessary paperwork is finished, pledge is created behalf of our investors and loan is paid out to developer. Investors will receive soon their first interest payment as well. Today, we introduced new investment opportunity, where you can invest into residential dwelling development in center of Tallinn. Developer is seeking for 150 400 euro to make the house more energy efficient. The loan provides 1st charge security and 11.5% interest. Loan-to-value: 64% Loan period: 18 months The auction will close in 5 days. For more details can be found here.
Looking forward to your questions and opinions regarding the loan application. |
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Post by stykos on Mar 6, 2015 14:35:47 GMT
On Monday, we successfully funded our Pille Street loan application, where developer was looking to raise 150 400 euros. Big thanks to all 88 investors who made an investment and financed the loan within 2.5 days.
On Tuesday, the mortgage was registered on notary's office. At the same day, the funds were transferred to borrower's account. The borrower will make monthly interest payments and the principal will be returned to investors at the end of loan period. The first interest payment is due on 4th of April.
Next week we will participate in world's biggest real estate conference in France - MIPIM. Feel free to visit our stand there and arrange a meeting with us!
In coming week we will open an new loan application as well!
Stay tuned for more & have a great weekend,
The EstateGuru team
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