#4059 Bridge loan - 5.stage (Lithuania) Funded: 30.01.2023
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 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.
Quick Overview
-
Interest 10.5%
-
Status Funded
-
Target €75,000
-
Collateral value €530,000
-
LTV 47.42%
-
Projected LTV 65.0%
-
Loan Period 18 months
-
Schedule Type Bullet
-
Mortgage Rank First rank
-
Collateral Type Semi-detached house (Residential)
-
Loan Type Bridge loan
-
Loan Type Sub-Category Sale advance
-
Location Lithuania
