Group 1 - Invego Uus-Järveküla OÜ, financed by EfTEN United Property Fund, has amended its loan agreement with Coop Pank AS, enabling the fund to make its largest profit distribution to investors in history [1] - Almost 80% of the Uus-Järveküla residential area development has been purchased or booked by clients, with Coop Pank AS financing 100% of the construction price for the final 32 terraced houses, expected to be completed in Q1 2026 [2] - The interest margin on the development loan will be reduced by 20 basis points to 450 basis points [2] Group 2 - EfTEN United Property Fund received 1.516 million euros from the project, which includes approximately 1 million euros in accrued interest on owner loans, reducing the balance of owner loans granted by the fund [3] - The fund plans to distribute the accrued interest of approximately 1 million euros along with dividends and interest income to investors in May, amounting to about 7% of the last closing price of the fund unit [4]
Contract for financing the construction of the final stage of the Uus-Järveküla residential area and profit distribution to fund investors
Globenewswire·2025-05-05 05:00