#6687 Bridge loan - 9.stage (Finland) - Fully Invested Fully invested: 28.11.2022
This loan is operated by Estateguru OÜ and is subject to General Loan Terms. View 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.
- Borrower adds a 1% bonus to annual interest for investments of at least €30,000 (combined annual interest 11.5%).
- The collateral for the loan is a 6-story commercial office building (4.490 m2) located in Pohjois-Haaga, Helsinki. Pohjois-Haaga is a district of Helsinki located 10 km to the North of Helsinki city centre with good public transport connections and easy access by vehicles.
- The asset is currently valued at 10.100.000 € and after fully leased the value is estimated to increase to 11.400.000 €. Once fully leased, the estimated rental income per year is 1.067.040 €.
- The borrower plans to fully lease the office building and re-finance the Estateguru loan with long-term bank financing. Alternatively the group also has other streams of revenue from leasing commercial properties and selling completed development projects with which it can repay the Estateguru loan.
- 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 9 stage is 12.41% and can increase to 43.0% in further stages.
|Loan Contract Number|
Interest 10.5%Investment ≥ €30,000 = 1.0% bonus
140 investors, €22,863 raised
Status Fully Invested
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