#8795 Bridge loan - 6.stage (Germany) Funded: 31.10.2022

This loan is operated by Estateguru OÜ and is subject to General Loan Terms. View loan terms

Executive Summary

    • The loan is used to finance the purchasing of a property.
    • The loan will be repaid by refinancing, from the sale of the collateral property, or from the incoming business revenues of the company.
    • The loan is secured with a first rank mortgage.
    • The borrower retains the opportunity to raise additional capital, if necessary, as the collateral value increases.
    • The mortgage was established during a prior financing process and will also cover additional stages of financing.
    • Prior to the next stage of financing, construction supervision must confirm the completed works (if construction has commenced and works have been performed in a considerable amount) and a third party must assess the market value of the collateral.
    • The LTV in 6 stage is 21.55% and can increase to 67.0% in further stages.

Loan Terms

Loan Contract Number

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Quick Overview
513 investors, €59,620 raised
  • Status Funded
  • Target €200,000
  • Collateral value €5,710,000
  • LTV 21.55%
  • Projected LTV 67.0%
  • Loan Period 12 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Residential land (Land)
  • Loan Type Bridge loan
  • Loan Type Sub-Category Fast purchase
  • Location Germany

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