Loan

Loan #606672 Estepona, 29680, Spain

Property location
C Masters de Augusta nr 1 Estepona Málaga 29680 Spain

Executive Summary

This property is purchased by the fundraiser to move into himself. Due to his age, the Spanish banks will not provide him with a mortgage, but he has a good pension income, an operational company that produces income and a financial holding company in which he has investments.

He has currently invested personal funds in his operational company for expansion purposes and as such would like to borrow the missing €150,000 to complete the purchase. The downpayment of €200,000 is from his own financial holding. 

The property (Apartment 2E in Serenity Views) is located in Estepona, which is in the province of Malaga in the South of Spain, and has already been completed. The property is sheltered by its own gate and a few minutes away from the beach and town.

To have a better look at the property the project developer provided a website with a "walkthrough" view (http://tours.aeropic.tv/SERENITY_COLLECTION/), which has been added as a video to the visuals as well.

Investing FAQ
Loan terms summary
  • Interest per annum 8.00%
  • 36.6% invested by 53 investor(s) 95,100.00 left
  • Risk class i
  • Expires 20 day(s) left
  • Target amount €150,000.00
  • Profit share 0.00%
  • Term 60 Months
  • Payment frequency 1 months
  • Loan purpose Buy-to-rent
  • Type Bullet i
  • Total Loan Cover (TLC) 150.0%
  • Loan To Value (LTV) 66.7% i
  • Location
    Spain
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