#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.
- 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 Contract Number|
223 investors, €24,694 raised
Collateral value €200,000
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