#5022 Bridge loan - 14.stage (Finland) Funded: 12.06.2023 - Refinancing of #5022 Bridge loan - 8.stage (Finland)
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 continue with construction.
- The loan will be repaid from the sale of the collateral property or refinancing by a long-term bank loan.
- The loan is secured with a first rank mortgage.
- The borrower retains the opportunity to raise additional capital if necessary, provided that the LTV does not exceed 69.2%.
- The mortgage was established during a prior financing process and will cover each and every stage.
- The LTV in the 14 stage is 59.85% and can increase to 69.2% in further additional stages.
Quick Overview
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Interest 12.5%
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Status Funded
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Target €150,000
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Collateral value €3,036,200
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LTV 59.85%
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Projected LTV 69.2%
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Risk category
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Loan Period 12 months
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Schedule Type Bullet
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Mortgage Rank First rank
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Collateral Type Housing company shares (Residential)
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Loan Type Bridge loan
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Loan Type Sub-Category Interim development
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Location Finland