#61199149 Bridge loan - 1.stage (Estonia) Funded: 31.10.2024

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.
    • 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.
    • 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 41.0%.
    • 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 18.5% and can increase to 41.0% in further stages.

Loan Terms

Loan Contract Number

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Quick Overview
4,439 investors, €1,250,000 raised
  • Status Funded
  • Target €1,250,000
  • Collateral value €6,758,800
  • LTV 18.49%
  • Projected LTV 41.0%
  • Risk category Baa3
  • Loan Period 18 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Commercial land (Land)
  • Loan Type Bridge loan
  • Loan Type Sub-Category Property acquisition
  • Location Estonia

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