House Cajamarca ( Peru) Opened at:5 December, 2021 - By: WB1001

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

Executive Summary

Beautiful 3-story country house for sale in the exclusive area “CONDOMINIO SANTA TERESA” located on Burmester street (in front of the Watercolor school) entering the San Antonio Tartar Grande road through the San Antonio Tartar Grande estate BAÑOS DEL INCA DISTRICT CAJAMARCA DEPARTMENT.
Closed condominium with private access and permanent security, strategically located 10 minutes from Armando Revoredo Iglesias Airport and 15 minutes from Real Plaza Shopping Center.
Enjoy living with your family in this country house where you will have the opportunity to find a calmer environment and be able to enjoy a good quality of life, surrounded by beautiful natural landscapes.

Quick Overview
1.37% filled, 0 investors $720,000 left
  • Expires 0 days
  • Target $730,000
  • Funds Raised $10,000
  • Collateral value $15,528,000
  • LTV 27.41%
  • Projected LTV 57%
  • Loan Period 24 months
  • Schedule Type French
  • Mortgage Rank Second rank
  • Loan Type Bridge loan
  • Loan Type Sub-Category Reconstruction
  • Location Peru
Wayni's loans are secured with real estate collateral and a mortgage that is established on the collateral property. Once the loan is fully invested, the borrower has to go to the notary office and enter into an agreement with the Security Agent to establish the mortgage. The mortgage will then be registered at the Land Register (with the Security Agent as mortgagee on behalf of the investors). The Security Agent is a separate limited liability company whose primary purpose is to hold securities for the benefit of investors making investments via Wayni.

An unsecured loan is a loan which does not have any collateral in place, such as land or apartment, and is solely based on a borrower’s credit history and potential ability to repay. Secured loans have assets as collateral so that if a borrower cannot repay the loan, Wayni's security agent will start the asset sales process. Hereby, the risk of losing the money lent to the borrower is minimized.

After the credit crunch and the resultant recession, the risk appetite of banks was reduced significantly, which means that banks have tightened their lending criteria. Banks have strict criteria, which is not borrower friendly, follows a very rigid funding structure, and thus many loan applications are rejected by banks. Wayni is a small and flexible organization which is willing to help companies that are denied financing by banks despite having a strong business plan and solid collateral.