#71616718 Development loan - 2.stage (Lithuania) Funded: 03.04.2024

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 refinance outstanding obligations and continue with the construction work.
    • 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.
    • Estateguru adds a 0.5% bonus to annual interest for investments of at least €1,000.
    • Estateguru adds a 1% bonus to annual interest for investments of at least €5,000.
    • Estateguru adds a 2% bonus to annual interest for investments of at least €50,000.

Loan Terms

Loan Contract Number

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Quick Overview
  • Investment ≥ €1,000 = 0.5% Estateguru Bonus Investment ≥ €5,000 = 1.0% Estateguru Bonus Investment ≥ €50,000 = 2.0% Estateguru Bonus
328 investors, €17,880 raised
  • Status Funded
  • Target €17,880
  • Collateral value €100,000
  • LTV 60.0%
  • Projected LTV 65.0%
  • Risk category Baa3
  • 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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