#1439 Bridge loan - 2.stage (Estonia) - Repaid Repaid: 01.02.2023

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 for buying and renting out the property.
    • The loan will be repaid from the sale of the collateral property or refinancing by a long-term bank loan.
    • 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.
    • Borrower adds a 1% bonus to annual interest for investments of at least €20,000 (combined annual interest 12.25%).
    • In addition to the 1st rank mortgage, the collateral consists: - Commercial pledge for Startup Baltic OÜ assets, for which the list of assets submitted to Estateguru is provided.

Loan Terms

Loan Contract Number

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Quick Overview
  • 11.25%
    Investment ≥ €20,000 = 1.0% Borrower Bonus
3,929 investors, €934,508 raised
  • Status Repaid
  • Target €975,000
  • Collateral value €3,500,000
  • LTV 55.1%
  • Projected LTV 56.0%
  • Risk category N/A
  • Loan Period 18 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Industrial/Warehouse building (Commercial)
  • Loan Type Bridge loan
  • Loan Type Sub-Category Buy for earning future cash flow
  • Location Estonia

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