#8642 Development loan - 8.stage (Lithuania) Funded: 29.11.2022

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

Executive Summary

    • The loan is used to finance the purchasing of a property and to start with construction work.
    • 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.
    • The borrower retains the opportunity to raise additional capital, if necessary, as the collateral value increases.
    • The mortgage was established during a prior financing process and will also cover additional stages of financing.
    • Prior to the next stage 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 8 stage is 32.5% and can increase to 69.0% in further stages.

Loan Terms

Loan Contract Number

Please register or log in to see full details.

Log in / Register
Quick Overview
319 investors, €57,216 raised
  • Status Funded
  • Target €80,000
  • Collateral value €1,868,600
  • LTV 32.5%
  • Projected LTV 69.0%
  • Loan Period 12 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Residential land (Land)
  • Loan Type Development loan
  • Loan Type Sub-Category New construction
  • Location Lithuania

Please register or log in to see full details.

Log in / Register