#5758 Development loan - 7.stage (Latvia) Funded: 30.11.2022

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

Executive Summary

    • The loan is used to continue construction works.
    • 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.

Loan Terms

Loan Contract Number

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Quick Overview
621 investors, €63,493 raised
  • Status Funded
  • Target €63,493
  • Collateral value €1,059,000
  • LTV 56.66%
  • Projected LTV 60.0%
  • Loan Period 12 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Apartment building (Residential)
  • Loan Type Development loan
  • Loan Type Sub-Category New construction
  • Location Latvia

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