#6687 Bridge loan - 21.stage (Finland) Funded: 21.03.2023
This loan is intermediated by Estateguru Finland Oy. For the general loan terms applicable to this loan, please see the Estateguru General Loan Terms.
- The loan is used to release equity capital and increase the operating capital of the company.
- 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 21 stage is 20.2% and can increase to 43.0% in further stages.
|Loan Contract Number|
570 investors, €75,541 raised
Collateral value €10,100,000
Projected LTV 43.0%
Loan Period 18 months
Schedule Type Bullet
Mortgage Rank First rank
Collateral Type Office building (Commercial)
Loan Type Bridge loan
Loan Type Sub-Category Other