#8926 Bridge loan - 4.stage (Estonia) Funded: 20.12.2022 - Refinancing of #8168 Bridge 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 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 4 stage is 53.45% and can increase to 62.8% in further stages.
    • The loan is being refinanced to extend the loan period.

Loan Terms

Loan Contract Number

Please register or log in to see full details.

Log in / Register
Quick Overview
396 investors, €71,405 raised
  • Status Funded
  • Target €96,776
  • Collateral value €557,000
  • LTV 53.45%
  • Projected LTV 62.8%
  • Loan Period 12 months
  • Schedule Type Full bullet
  • Mortgage Rank First rank
  • Collateral Type Residential land (Land)
  • Loan Type Bridge loan
  • Loan Type Sub-Category Interim development
  • Location Estonia

Please register or log in to see full details.

Log in / Register