#5041 Bridge loan - 1.stage (Estonia) - Fully Invested Fully invested: 25.01.2023 - Refinancing of #9906 Business loan (Estonia)

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

Executive Summary

    • The loan is used to increase the operating capital of the company.
    • The loan will be repaid from the company’s business revenues or by refinancing.
    • The loan is secured with a first rank mortgage.
    • The borrower retains the opportunity to raise additional capital if necessary, provided that the ratio of the loan and the market value of the collateral (LTV) does not exceed 65.0%.
    • The established mortgage will also cover loans of additional stages of financing.
    • Prior to the additional stages 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 the 1 stage is 56.0% and can increase to 65.0% in further stages.
    • The loan is being refinanced to extend the loan period. 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
361 investors, €40,300 raised
  • Status Fully Invested
  • Target €40,300
  • Collateral value €72,000
  • LTV 55.97%
  • Projected LTV 65.0%
  • Loan Period 12 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Retail premise (Commercial)
  • Loan Type Bridge loan
  • Loan Type Sub-Category Other
  • Location Estonia

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