#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.
Executive Summary
- 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.
Quick Overview
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Interest 11.0%
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Status Funded
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Target €246,000
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Collateral value €1,899,523
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LTV 40.78%
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Projected LTV 60.0%
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Loan Period 12 months
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Schedule Type Bullet
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Mortgage Rank First rank
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Collateral Type Housing company shares (Commercial)
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Loan Type Business loan
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Loan Type Sub-Category Increase of an operating capital
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Location Finland
