Loan for property developer
A loan for property development, where we finance the property built for sale in installments.
Are you a property developer, but need additional finances to implement a project? We offer you a loan intended for property development to finance property built for sale in several stages according to the decision made earlier. It is a flexible, quick and affordable way to develop property for sale or to finance the construction of property for rent.
Our experts have long-term cooperation experience with property developers, which allows them to think along, understand the client better and be flexible. Develop with us!
Terms & Conditions
A private limited company, public limited company or sole trader registered in Estonia.
Amount from €25,000 to €2,000,000.
The amount of the loan offered and the interest rate will depend on the assessment of the value of the collateral and the business plan.
Up to 75% of the value of the collateral will be financed, or up to 100% if extra collateral is provided.
3 months to 3 years
From 9.5% a year + 6 months Euribor
1% of the loan amount.
The agreement fee will be withheld when the loan amount is paid out.
A mortgage on property and, if necessary, a surety or a guarantee as additional security.
Can be paid on the basis of a bullet schedule (interest on outstanding loan balance). The loan amount can be repaid in installments and early.
Signing the agreement
Nordic Hypo AS will make an appointment with a notary. Remote attestation is possible.
At the client’s request, Nordic Hypo AS can pay the costs of registering the mortgage from the loan to be paid out.
Payout of the loan amount
The loan amount will be paid out in one or more payments, as necessary, in one banking day after the mortgage contract has been signed.
Early repayment option
The calculator shows the standard interest rate and monthly installment as an example, which may differ from the terms and conditions offered to you.
A bullet schedule has been used as the example to show the monthly payment. 6-month Euribor will be added to the monthly payment.