#6744 Bridge loan - 9.stage (Lithuania) Funded: 15.02.2023 - Refinancing of #6744 Development loan - 1.stage (Lithuania)

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 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 75.0%.
    • The mortgage was established during a prior financing process and will cover each and every stage.
    • The LTV in the 9 stage is 69.85% and can increase to 75.0% in further additional stages.

Loan Terms

Loan Contract Number

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Quick Overview
223 investors, €24,694 raised
  • Status Funded
  • Target €24,694
  • Collateral value €200,000
  • LTV 69.85%
  • Projected LTV 75.0%
  • Loan Period 12 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

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