#7185 Bridge loan - 1.stage (Lithuania) Funded: 16.12.2022

This loan is operated by Estateguru OÜ and is subject to General Loan Terms. View loan terms

Executive Summary

    • The loan is used to continue construction works.
    • The loan will be repaid from sales revenue of a completed development project.
    • 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 ratio of the loan and the market value of the collateral (LTV) does not exceed 69.0%.
    • The established mortgage will also cover loans of additional stages of financing.
    • Prior to the additional stages of financing, construction supervision must confirm the completed works (if construction has commenced and works have been performed in a considerable amount) and a third party must assess the market value of the collateral.
    • The LTV in the 1 stage is 65.0% and can increase to 69.0% in further stages.

Loan Terms

Loan Contract Number

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Quick Overview
913 investors, €80,227 raised
  • Status Funded
  • Target €156,000
  • Collateral value €240,000
  • LTV 33.43%
  • Projected LTV 69.0%
  • Loan Period 12 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Apartment (Residential)
  • Loan Type Bridge loan
  • Loan Type Sub-Category Sale advance
  • Location Lithuania

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