#5668 Development loan - 3.stage (Estonia) Funded: 28.03.2023
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 finance the purchasing of a property and to continue with construction.
- 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 10.15%
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Status Funded
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Target €68,368
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Collateral value €668,000
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LTV 47.23%
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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 Semi-detached 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
