#8071 Development loan - 2.stage (Finland) Funded: 30.11.2022

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 the sale of the collateral property
    • 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 2 stage is 50.67% and can increase to 60.0% in further stages.

Loan Terms

Loan Contract Number

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Quick Overview
602 investors, €95,000 raised
  • Status Funded
  • Target €95,000
  • Collateral value €375,000
  • LTV 50.67%
  • Projected LTV 60.0%
  • Loan Period 12 months
  • Schedule Type Full bullet
  • Mortgage Rank First rank
  • Collateral Type Apartment building (Residential)
  • Loan Type Development loan
  • Loan Type Sub-Category Renovation
  • Location Finland

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