#3104 Development loan - 12.stage (Finland) Funded: 07.06.2023

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.
    • 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 12 stage is 57.34% and can increase to 67.5% in further stages.

Loan Terms

Loan Contract Number

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Quick Overview
623 investors, €69,059 raised
  • Status Late
  • Target €100,000
  • Collateral value €1,245,660
  • LTV 57.34%
  • Projected LTV 67.5%
  • Risk category N/A
  • Loan Period 12 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Residential
  • Loan Type Development loan
  • Loan Type Sub-Category New construction
  • Location Finland

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