Sandoy, Norwayis a real estate development project building of 9 identical holiday houses.
The collateral of loan are current and future assets of the borrower, including the building.
In current project borrower is a general contractor, who obtained a right to build 9 holiday houses in Sandoy, Norway. Each house will consist of 1 2-floor apartment with area 84m2 plus the terrace.
Start of the foundation: December 2018
Start of supply elements: January 2019
External finishing and completion of project: May 2019