#7406 Development loan - 1.stage (Estonia) Funded: 12.12.2022 - Refinancing of #4728 Development loan - 1.stage (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 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.
    • The development project is financed based on the value of construction invoices, which arise from construction supervision acts prepared on the basis of the work performed. Consequently, we consider the cost of construction work actually performed, in addition to the primary market value, to be the value of the collateral.

Loan Terms

Loan Contract Number

Please register or log in to see full details.

Log in / Register
Quick Overview
1,231 investors, €161,608 raised
  • Status Funded
  • Target €300,000
  • Collateral value €677,000
  • LTV 23.87%
  • Projected LTV 56.0%
  • Loan Period 18 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Agricultural land (Land)
  • Loan Type Development loan
  • Loan Type Sub-Category Land development
  • Location Estonia

Please register or log in to see full details.

Log in / Register