#5018 Development loan - 3.stage (Estonia) Funded: 12.12.2022
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 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.
- Member of the management board of the borrower will provide a personal surety in the full mortgage amount.
Quick Overview
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Interest 10.25%
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Status Funded
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Target €93,722
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Collateral value €495,000
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LTV 50.0%
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Projected LTV 65.0%
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Loan Period 12 months
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Schedule Type Full bullet
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Mortgage Rank First rank
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Collateral Type Single-residential house (Residential)
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Loan Type Development loan
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Loan Type Sub-Category New construction
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Location Estonia
