#7579 Bridge loan - 1.stage (Estonia) Funded: 30.11.2022
This loan is operated by Estateguru OÜ and is subject to General Loan Terms. View loan terms
- The loan is used to release equity capital for the sales period.
- The loan will be repaid from the sale of the collateral property
- 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 54.2%.
- 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 54.2% and can increase to 54.2% in further stages.
|Loan Contract Number|
1,005 investors, €475,583 raised
Collateral value €878,000
Projected LTV 54.2%
Loan Period 12 months
Schedule Type Bullet
Mortgage Rank First rank
Collateral Type Apartment (Residential)
Loan Type Bridge loan
Loan Type Sub-Category Sale advance