#18577989 Development loan - 2.stage (Lithuania) Funded: 28.02.2024

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 to continue construction works.
    • The loan will be repaid by refinancing, from the sale of the collateral property, or from the incoming business revenues of the company.
    • 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.

Loan Terms

Loan Contract Number

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Quick Overview
210 investors, €37,000 raised
  • Status Funded
  • Target €37,000
  • Collateral value €135,000
  • LTV 59.85%
  • Projected LTV 65.0%
  • Risk category Ba1
  • Loan Period 12 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Single-residential house (Residential)
  • Loan Type Development loan
  • Loan Type Sub-Category New construction
  • Location Lithuania

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