#1231 Bridge loan - 26.stage (Lithuania) Funded: 20.02.2024

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

Executive Summary

    • The loan is used for starting a development project
    • The loan will be repaid from the sale of the collateral property
    • 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 65.0%.
    • The mortgage was established during a prior financing process and will cover each and every stage.
    • The LTV in the 26 stage is 52.9% and can increase to 65.0% in further additional stages.

Loan Terms

Loan Contract Number

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Quick Overview
470 investors, €59,242 raised
  • Status Funded
  • Target €70,000
  • Collateral value €932,000
  • LTV 52.9%
  • Projected LTV 65.0%
  • Risk category N/A
  • Loan Period 12 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Residential
  • Loan Type Bridge loan
  • Loan Type Sub-Category Sale advance
  • Location Lithuania

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