#24881204 Development loan - 4.stage (Finland) - Fully Invested Fully invested: 12.04.2024

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 finance the purchasing of a property and to start with construction work.
    • 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.
    • Estateguru adds a 0.5% bonus to annual interest for investments of at least €1,000.
    • Estateguru adds a 1% bonus to annual interest for investments of at least €5,000.
    • Estateguru adds a 2% bonus to annual interest for investments of at least €50,000.
    • 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 52.83% and can increase to 60.0% in further stages.

Loan Terms

Loan Contract Number

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Quick Overview
  • Investment ≥ €1,000 = 0.5% Estateguru Bonus Investment ≥ €5,000 = 1.0% Estateguru Bonus Investment ≥ €50,000 = 2.0% Estateguru Bonus
798 investors, €100,137 raised
  • Status Fully Invested
  • Target €137,000
  • Collateral value €639,000
  • LTV 52.83%
  • Projected LTV 60.0%
  • Risk category Baa2
  • Loan Period 12 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Single-residential house (Residential)
  • Loan Type Development loan
  • Loan Type Sub-Category Renovation
  • Location Finland

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