#9343 Development loan - 1.stage (Lithuania) Funded: 23.12.2021

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

Executive Summary

    • The loan is used for a preparation period of a development project plus starting the first 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.

Loan Terms

Loan Contract Number

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Quick Overview
834 investors, €45,000 raised
  • Status Funded
  • Target €45,000
  • Collateral value €90,000
  • LTV 50.0%
  • Projected LTV 65.0%
  • 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

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