#2526 Business loan - 2.stage (Lithuania) Funded: 07.02.2023
This loan is intermediated by Estateguru Lietuva, UAB. For the general loan terms applicable to this loan, please see the Estateguru General Loan Terms.
Executive Summary
- The loan is used to release equity capital and increase the operating capital of the company.
- 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.
Quick Overview
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Interest 11.5%
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Status Funded
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Target €143,874
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Collateral value €497,000
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LTV 60.36%
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Projected LTV 60.4%
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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 Apartment (Residential)
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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 Lithuania
