Medellin Apartment ( Colombia) Opened at:11 February, 2021 - By: WB1001

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Executive Summary

Apartment for sale in the neighborhood of the town, Club Campestre sector, silent zone, urbanization of 2 towers, close to the border mall and the San Lucas shopping center, Carulla and Olimpica supermarkets. It has 4 bedrooms of which 2 have a private bathroom and the other two share a bathroom, additionally it has a social bathroom and a full service bedroom, in the social area there are dining room, study and balcony. the kitchen is fully lit and auxiliary dining room, the clothing area is independent and very ventilated. The complex has 2 elevators per tower, swimming pool for adults and children, large social room, equipped gym, soccer field, children’s games, pet area and green area.


Quick Overview
14.38% filled, 0 investors $68,500 left
  • Expires 0 days
  • Target $80,000
  • Funds Raised $11,500
  • Collateral value $15,528,005
  • LTV 27.45%
  • Projected LTV 61%
  • Loan Period 12 months
  • Schedule Type French
  • Mortgage Rank Third rank
  • Loan Type Mortgage 3 years
  • Loan Type Sub-Category land development
  • Location Colombia
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.