#8071 Development loan - 6.stage (Finland) Funded: 31.05.2023

This loan is intermediated by Estateguru Finland Oy. For the general loan terms applicable to this loan, please see the Estateguru General Loan Terms.

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 6 stage is 59.8% and can increase to 60.0% in further stages.

Loan Terms

Loan Contract Number

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Quick Overview
236 investors, €25,000 raised
  • Status Funded
  • Target €25,000
  • Collateral value €510,000
  • LTV 59.8%
  • Projected LTV 60.0%
  • Loan Period 9 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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