#95528237 Bridge loan - 1.stage (Estonia) Funded: 28.09.2023 - Refinancing of #7846 Bridge loan - 1.stage (Estonia), #7846 Bridge loan - 2.stage (Estonia), #7846 Bridge loan - 3.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.

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 39.0%.
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 39.0% and can increase to 39.0% in further stages.

The loan is being refinanced to extend the loan period. The borrower will repay the accrued interest (including indemnity and penalty fees, if any) for the previous loan period.

2,054 investors, €514,800 raised