BitOfProperty OÜ (12844051)
Narva mnt 7b, room 515
Tallinn, Estonia, 10117
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The Security Agent is a separate limited liability company whose primary purpose is to hold securities for the benefit of BitOfProperty’s investors. The company’s name is LMP Security Agent OÜ and it is controlled by a Law Firm LMP.
The addition of a Security Agent makes the investments more secure. The security is granted in the form of a mortgage to the Security Agent. Thus, every investment made on the platform is backed with a mortgage as the Security Agent being the mortgagee.
Once the investment campaign is fully funded, a representative from the SPV will go to the notary office and enter into an agreement with the Security Agent to create a mortgage. The mortgage will then be registered at the Land Register.
There will be a separate Security Agent for each country the properties are located in. LMP Security Agent will be the Security Agent for all the properties in Estonia.
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