#1271 Bridge loan - 5.stage (Estonia) Funded: 03.06.2023 - Refinancing of #1271 Development loan - 2.stage (Estonia), #1271 Development loan - 1.stage (Estonia)
This loan is intermediated by Estateguru OÜ. For the general loan terms applicable to this loan, please see the Estateguru General Loan Terms.
Executive Summary
- The loan is used to refinance an outstanding Estateguru loan and increase the operating capital of the company.
- The loan will be repaid from sales revenue of a completed development project.
- The loan is secured with a first rank mortgage.
- Member of the management board of the borrower will provide a personal surety in the full mortgage amount.
Quick Overview
-
Interest 10.0%
-
Status Funded
-
Target €65,993
-
Collateral value €554,000
-
LTV 27.09%
-
Projected LTV 63.0%
-
Risk category
-
Loan Period 12 months
-
Schedule Type Full bullet
-
Mortgage Rank First rank
-
Collateral Type Semi-detached house (Residential)
-
Loan Type Bridge loan
-
Loan Type Sub-Category Sale advance
-
Location Estonia
