#9757 Business loan - 13.stage (Lithuania) Funded: 04.07.2023 - Refinancing of #9757 Business loan - 4.stage (Lithuania), #9757 Business loan - 3.stage (Lithuania)

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 increase the operating capital of the company.
    • The loan will be repaid from the company’s business revenues or by refinancing.
    • 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 13 stage is 67.74% and can increase to 75.0% in further stages.

Loan Terms

Loan Contract Number

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Quick Overview
311 investors, €38,297 raised
  • Status Funded
  • Target €62,500
  • Collateral value €336,000
  • LTV 67.74%
  • Projected LTV 75.0%
  • Risk category N/A
  • Loan Period 12 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Semi-detached house (Residential)
  • Loan Type Business loan
  • Loan Type Sub-Category Increase of an operating capital
  • Location Lithuania

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