#7781 Bridge loan - 4.stage (Estonia) Funded: 15.12.2022 - Refinancing of #1439 Bridge loan - 3.stage (Estonia), #1439 Bridge loan - 2.stage (Estonia), #1439 Bridge loan - 1.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 for meeting current obligations before securing a long term financing.
- 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.
In addition to the 1st rank mortgage, the collateral consists: - Commercial pledge for Startup Baltic OÜ assets, for which the list of assets submitted to Estateguru is provided.
- The loan is being refinanced to extend the loan period.
Quick Overview
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Interest 13.0%
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Status Funded
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Target €300,000
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Collateral value €3,100,000
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LTV 22.02%
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Projected LTV 50.0%
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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 Industrial/Warehouse building (Commercial)
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Loan Type Bridge loan
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Loan Type Sub-Category Buy for earning future cash flow
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Location Estonia
