#3941 Development loan - 11.stage (Estonia) Funded: 07.12.2022

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

Executive Summary

    • The loan is used to continue construction works.
    • The loan will be repaid from sales revenue of a completed development project.
    • 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 11 stage is 58.7% and can increase to 65.0% in further stages.

Loan Terms

Loan Contract Number

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Quick Overview
484 investors, €150,000 raised
  • Status Funded
  • Target €150,000
  • Collateral value €4,600,000
  • LTV 58.7%
  • Projected LTV 65.0%
  • Loan Period 9 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Other (Residential)
  • Loan Type Development loan
  • Loan Type Sub-Category Reconstruction
  • Location Estonia

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