#9578 Development loan - 7.stage (Germany) Opened: 07.02.2022

  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)
  • #9578 Development loan - 7.stage (Germany)

Executive Summary

    • The loan is used to continue construction works.
    • The loan will be repaid from the sale of the collateral property or refinancing by a long-term bank loan.
    • The loan is secured with a first rank mortgage.
    • The borrower retains the opportunity to raise additional capital, if necessary, as the collateral value increases.
    • The mortgage was established during a prior financing process and will also cover additional stages of financing.
    • Prior to the next stage of financing, construction supervision must confirm the completed works (if construction has commenced and works have been performed in a considerable amount) and a third party must assess the market value of the collateral.
    • The LTV in 7 stage is 34.5% and can increase to 56.0% in further stages.

Loan Terms

Loan Contract Number

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Quick Overview
50.4% filled, 1,884 investors €496,227 left
  • Expires 5 days
  • Target €1,000,000
  • Collateral value €17,384,000
  • LTV 34.5%
  • Projected LTV 56.0%
  • Loan Period 12 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Apartment building (Residential)
  • Loan Type Development loan
  • Loan Type Sub-Category Renovation
  • Location Germany

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