This loan is operated by Estateguru OÜ and is subject to General Loan Terms. View 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 from sales revenue of a completed development project.
    • 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 11 stage is 63.46% and can increase to 65.0% 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
921 investors, €92,388 raised
  • Status Funded
  • Target €92,388
  • Collateral value €498,000
  • LTV 63.46%
  • Projected LTV 65.0%
  • Loan Period 12 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Semi-detached house (Residential)
  • Loan Type Business loan
  • Loan Type Sub-Category Other
  • Location Latvia

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