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 and increase the operating capital of the company.
    • 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 borrower retains an opportunity to raise additional capital if necessary, provided that the LTV does not exceed 52.0%.
    • The established mortgage will also cover additional stages of financing.
    • The LTV in the 1 stage is 51.9% and can increase to 52.0% in further 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
860 investors, €108,577 raised
  • Status Funded
  • Target €150,000
  • Collateral value €289,000
  • LTV 37.57%
  • Projected LTV 52.0%
  • Risk category B3
  • Loan Period 24 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Apartment (Residential)
  • Loan Type Business loan
  • Loan Type Sub-Category Increase of an operating capital
  • Location Latvia

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