#75589153 Development loan - 5.stage (Estonia) Funded: 30.11.2023 - Refinancing of #0275 Development loan - 3.stage (Estonia), #0275 Development loan - 4.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.
    • The borrower retains the opportunity to raise additional capital, if necessary, as the collateral value increases.
    • The mortgage was established during a prior financing process and will also cover additional stages of financing.
    • Prior to the next stage 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 5 stage is 26.07% and can increase to 50.0% in further stages.
    • The loan is being refinanced to extend the loan period.

Loan Terms

Loan Contract Number

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Quick Overview
1,146 investors, €200,000 raised
  • Status Funded
  • Target €200,000
  • Collateral value €3,076,000
  • LTV 26.07%
  • Projected LTV 50.0%
  • Risk category N/A
  • Loan Period 18 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Residential land (Land)
  • Loan Type Development loan
  • Loan Type Sub-Category Land development
  • Location Estonia

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