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 an outstanding Estateguru loan with the purpose of extending the loan period.
    • 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.
    •  The architectural contest has been finalised and the Developer is now starting working on full technical design documentation.

    • 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.
    • The borrower retains the opportunity to raise additional capital if necessary, provided that the LTV does not exceed 55.5%.
    • The mortgage was established during a prior financing process and will cover each and every stage.
    • The LTV in the 4 stage is 55.29% and can increase to 55.5% in further additional stages.
    • The loan is being refinanced to extend the loan period. The borrower will repay the accrued interest (including indemnity and penalty fees, if any) for the previous loan period.

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
1,017 investors, €125,391 raised
  • Status Funded
  • Target €125,391
  • Collateral value €1,700,000
  • LTV 55.29%
  • Projected LTV 55.5%
  • Risk category Ba2
  • Loan Period 12 months
  • Schedule Type Full bullet
  • Mortgage Rank First rank
  • Collateral Type Residential land (Land)
  • Loan Type Bridge loan
  • Loan Type Sub-Category Other
  • Location Latvia

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