#8405 Business loan - 6.stage (Finland) Funded: 03.02.2023
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 increase the operating capital of the company.
- 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.
- Member of the management board of the borrower will provide a personal surety in the full mortgage amount.
- The borrower retains the opportunity to raise additional capital if necessary, provided that the LTV does not exceed 60.0%.
- The mortgage was established during a prior financing process and will cover each and every stage.
- The LTV in the 6 stage is 40.78% and can increase to 60.0% in further additional stages.
|Loan Contract Number|
820 investors, €118,779 raised
Collateral value €1,899,523
Projected LTV 60.0%
Loan Period 12 months
Schedule Type Bullet
Mortgage Rank First rank
Collateral Type Housing company shares (Commercial)
Loan Type Business loan
Loan Type Sub-Category Increase of an operating capital