#50258588 Bridge loan - 2.stage (Estonia) Funded: 31.03.2023 - Refinancing of #9493 Bridge loan - 2.stage (Estonia), #9493 Bridge 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 with the purpose of extending the loan period.
    • 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.
    • Member of the management board of the borrower will provide a personal surety in the full mortgage amount.
    • The loan is being refinanced to provide the borrower with more time to secure financing from a new creditor/investor. The borrower will repay the accrued interest (including indemnity and penalty fees, if any) for the previous loan period.

Loan Terms

Loan Contract Number

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Quick Overview
644 investors, €63,567 raised
  • Status Funded
  • Target €188,043
  • Collateral value €700,000
  • LTV 44.22%
  • Projected LTV 62.0%
  • Loan Period 12 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Hotel premise (Commercial)
  • Loan Type Bridge loan
  • Loan Type Sub-Category Other
  • Location Estonia

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