Romanian mortgage lender Extra Finance now offers loans with buyback guarantee

16.11.2017

mintosblog

A leading non-bank mortgage loan originator in Romania, Extra Finance has now added loans with a buyback guarantee to its offering on Mintos.

These new Extra Finance loans will be denominated both in euro (EUR) and Romanian Leu (RON). The loans will range from EUR 5 000 to EUR 50 000, with a repayment term of 9 to 60 months. The net annual return to investors will reach 10-11%. For each loan placed on the Mintos marketplace, Extra Finance will retain at least 10% on its balance sheet as its skin in the game.

Extra…

Extra Finance has started financing real estate projects

12.07.2017

mintosblog

Romanian alternative lending company Extra Finance has started a new line of business financing small- to medium-sized residential real-estate projects. Extra Finance will offer these loans to investors on the Mintos marketplace.

“The new line of business is growing rapidly. Last year, we financed real estate projects worth more than one million euro. This year, we have already funded projects worth three million euro. We aim to finish 2017 with close to five million euro in financing to nine projects,” says Stefan Dumitru, co-founder and CEO of Extra Finance.

On average, projects financed by Extra…

Romanian non-bank loan originator joins the Mintos marketplace

25.01.2017

mintosblog

We are very pleased to announce that a leading non-bank mortgage loan originator in Romania – Extra Finance has joined the Mintos marketplace. Extra Finance will place mortgage loans on the Mintos marketplace.

The loans placed on the marketplace will range from EUR 5 000 to EUR 250 000, with a repayment deadline of 6 to 60 months. It is expected that the net annual return will range from 10% to 12%. For each loan placed on the Mintos marketplace, Extra Finance will retain at least 10% on its balance sheets – part of its “skin in the game”.

The…