#5177 Business loan - 3.stage (Latvia) Funded: 30.12.2022

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

Executive Summary

    • The loan is used to increase the operating capital of the company.
    • The loan will be repaid from the sale of the collateral property or refinancing by a long-term bank loan.
    • 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 LTV does not exceed 65.0%.
    • The mortgage was established during a prior financing process and will cover each and every stage.
    • The LTV in the 3 stage is 46.15% and can increase to 65.0% in further additional stages.

Loan Terms

Loan Contract Number

Please register or log in to see full details.

Log in / Register
Quick Overview
179 investors, €20,000 raised
  • Status Funded
  • Target €20,000
  • Collateral value €260,000
  • LTV 46.15%
  • Projected LTV 65.0%
  • Loan Period 18 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 Latvia

Please register or log in to see full details.

Log in / Register