#51646464 Bridge loan - 2.stage (Estonia) - Repaid Repaid: 28.06.2023 - Refinancing of #9512 Bridge loan - 1.stage (Estonia), #9512 Bridge loan - 2.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 due to the sales period taking longer than expected. The borrower will repay the accrued interest (including indemnity and penalty fees, if any) for the previous loan period.

Loan Terms

Loan Contract Number

Please register or log in to see full details.

Log in / Register
Quick Overview
216 investors, €33,505 raised
  • Status Repaid
  • Target €78,844
  • Collateral value €259,000
  • LTV 42.49%
  • Projected LTV 60.0%
  • Risk category N/A
  • Loan Period 12 months
  • Schedule Type Full bullet
  • Mortgage Rank First rank
  • Collateral Type Single-residential house (Residential)
  • Loan Type Bridge loan
  • Loan Type Sub-Category Sale advance
  • Location Estonia

Please register or log in to see full details.

Log in / Register