#82310472 Business loan - 1.stage (Estonia) Funded: 15.09.2023 - Refinancing of #9313 Business loan - 1.stage (Estonia), #9313 Business loan - 3.stage (Estonia), #9313 Business 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 with the purpose of extending the loan period.

The loan will be repaid from the sale of the collateral property or refinancing by a long-term bank loan.

Member of the management board of the borrower will provide a personal surety in the full mortgage amount.

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 54.0%.
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 54.0% and can increase to 54.0% in further stages.

1,502 investors, €234,900 raised