Investment type: Development loan
Period: 6 months
Fixed interest per annum: 15%
Collateral: Majaka 54 – 11, Tallinn
Interest will be calculated from the day of placing the investment!
The property for investment is located in a flourishing area of Tallinn, next to the airport, buss station and biggest mall of Baltic States which just opened it’s doors. Such extraordinary location makes this apartment an attractive investment as well a residential dwelling.
Currently the apartment building is quite old and needs renovation. However, our apartment number 11 is a new addition to the property, which includes renovation of the building’s facade and apartment itself. The current condition of the building allowed us to secure this property for the price which is significantly below market level.
Once renovation is finished the appartment will be sold and loan returned. Estimated duration of the project: 6 months.