Weitzman 86, Holon

OVERVIEW : Original building > 9 apartments on 3 floors. Adding 2.5 new floors & 7 new apartments
ORIGINAL LOAN: Advanced 3,000,000 ; January 2016
LOAN REPAYMENT: TOTAL 3,730,000 was repaid on March 2018
BONUS (interest) paid: Lenders were paid full bonus on March 2018. Average Bonus rate was 15.7% per year.
DESCRIPTION : Project is nearly finished

OVERVIEW :  Original building > 16 apartments on 4 floors.   Plan to add 2.5 new floors & 10 new apartments

ORIGINAL LOAN:  Advanced 3,500,000 ; May 2015  /  1,500,000 due Sept 2016 + 2,000,000 due Feb 2017

LOAN REPAYMENT:  1,500,000 was repaid on Sept 2016 as contracted (16 mths) /  The developer requested an extension of 5 months on the balance (2M).  Developer repaid 2,000,000 on July 2017

BONUS (interest) paid:  Lenders were paid full bonus on August 2017.  Average Bonus rate was 17.2% per year.  Lenders were paid a rate of 20% per year for the 5 month extension period.

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.