Two related companies are developing multiple real estate projects across several adjacent land plots. Of the ten properties, most were sold, two are listed for sale, while two are still under development. The company is seeking financing to complete one of the properties under development — a 490 m² building on a 0.18-hectare plot. 

Therefore, the Company is seeking EUR 426,000 financing for 15 months to refinance EUR 250,000 active loan from another creditor and use the remaining loan amount to further develop the property. The loan will carry an 11.76% annual interest rate (0.98% monthly) and it will be amortized at the end of the loan term. The loan will be secured with a mortgage on the developed real estate property valued at EUR 710,000 (LTV 60%). In addition, a personal guarantee from the shareholder will be provided. 

The project risk rate is B (83 out of 100).

There are a number of factors that make lending to the Company an attractive opportunity and the main highlights are as follows:

• The loan will be secured with a mortgage on the developed real estate property valued at EUR 710,000 (LTV 60%);
• A personal guarantee from the shareholder will be provided;
• In the same area, the Company has already developed more than 1,000 square meters of single-family and two-family residential properties.