• Project Name TAMA Project
  • Location Petah Tikva

OVERVIEW :  Original building > 24 apartments on 3 floors.   Plan to add 2.5 new floors & 20 new apartments

ORIGINAL LOAN:  Advanced 3,300,000  August 2015  + 2,000,000 November 2015 + 1,200,000 July 2016   /   3,00,000 due May 2017 + 3,500,000 due July 2017

LOAN REPAYMENT:  TOTAL 6,500,000 was repaid on July 2017 /  The developer requested an extension of 2 months on the 3,000,000 due on May 2017.

BONUS (interest) paid:  Lenders were paid full bonus on August 2017.  Average Bonus rate was 16.8% per year.  Lenders were paid a rate of 20% per year for the 2 month extension period.