#65868852 Development loan - 2.stage (Latvia) Funded: 22.06.2023

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 for starting a development project
    • The loan will be repaid from sales revenue of a completed development project.
    • The loan is secured with a first rank mortgage.
    • The borrower retains the opportunity to raise additional capital if necessary, provided that the LTV does not exceed 47.0%.
    • The mortgage was established during a prior financing process and will cover each and every stage.
    • The LTV in the 2 stage is 39.09% and can increase to 47.0% in further additional stages.

Loan Terms

Loan Contract Number

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Quick Overview
1,080 investors, €117,628 raised
  • Status Funded
  • Target €226,795
  • Collateral value €1,386,000
  • LTV 39.09%
  • Projected LTV 47.0%
  • Risk category N/A
  • Loan Period 18 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Residential land (Land)
  • Loan Type Development loan
  • Loan Type Sub-Category Land development
  • Location Latvia

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