The asset

Fixed rate loan with 6% interest, monthly instalments and a term of 12 months. The borrower is the company Auto Corsa S.A. which owns the building without any mortgage charge.

Reasons to invest

Loan to value (LTV): 3.7%.

You charge interest month after month even if the tenants leave.

Borrowing company with 33 years of history with great solvency.

The owner of the property has already repaid two loans in advance

Amortization rate

American (payment of monthly interest with amortization of capital in the last installment). Destination of the loan: Financing of working capital. Other mortgages or charges on the property: NO

Characteristics

The building (owned by the company Auto Corsa S.A.) is located at the entrance of La Bisbal D'Empordá, on the main street, 10 minutes walking distance to the city center. The building with a constructed area of 627m2 consists of 2 premises and a large apartment upstairs. In total it has 3 tenants with daily payments. Total value of the property: 490.000 euros