#7101 Bridge loan - 4.stage (Estonia) - Fully Invested Fully invested: 23.03.2023 - Refinancing of #6850 Development loan - 3.stage (Estonia), #6850 Development loan - 1.stage (Estonia), #6850 Development 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 and increase the operating capital of the company.
- The loan will be repaid from the sale of the collateral property or refinancing by a long-term bank loan.
- 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 11.0%
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Status Fully Invested
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Target €148,500
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Collateral value €1,320,000
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LTV 22.07%
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Projected LTV 65.0%
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Loan Period 18 months
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Schedule Type Bullet
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Mortgage Rank First rank
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Collateral Type Residential land (Land)
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Loan Type Bridge loan
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Loan Type Sub-Category Interim development
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Location Estonia
