#2928 Development loan - 11.stage (Finland) Funded: 08.12.2022

This loan is operated by Estateguru OÜ and is subject to General Loan Terms. View loan terms

Executive Summary

    • The loan is used to continue construction works.
    • The loan will be repaid from sales revenue of a completed development project.
    • The loan is secured with a first rank mortgage.
    • Borrower adds a 1% bonus to annual interest for investments of at least €10,000 (combined annual interest 12%).
    • The development project is financed based on the value of construction invoices, which arise from construction supervision acts prepared on the basis of the work performed. Consequently, we consider the cost of construction work actually performed, in addition to the primary market value, to be the value of the collateral.

Loan Terms

Loan Contract Number

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Quick Overview
  • Investment ≥ €10,000 = 1.0% Bonus
239 investors, €29,355 raised
  • Status Late
  • Target €70,000
  • Collateral value €1,284,037
  • LTV 61.45%
  • Projected LTV 65.0%
  • Loan Period 18 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Residential land (Land)
  • Loan Type Development loan
  • Loan Type Sub-Category New construction
  • Location Finland

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