The borrower raised capital to finance the purchase of a variety of printing equipment, with a plan to rent them out.
The part of the building belonging to the borrower is fully leased out to various tenants. The main tenant is the printing press company, which has resided there for more than 20 years and was one of Tallinn’s largest advertising printing press companies. The borrower got an opportunity to purchase new machinery at a discounted price, yet the current financial partner, a commercial bank, was not willing to increase the company’s debt limit due to new policies, limiting exposure to specific industries.
The property had a first rank mortgage (outstanding loan size of €285 000) granted by a commercial bank. Taking into consideration the value of the collateral (€940 000), the strong background of the borrower and the healthy financial figures of the borrowing company, it was relatively safe to lend €150 000 as a business loan to the borrower, whereas the cumulative LTV together with both debts totalled 46%.
With over 131,885 international investors, both retail and institutional, EstateGuru is also the perfect showcase for your development. Our investors don’t just have tens of millions available to lend, they also regularly purchase a property they have invested in during development.
With 131,885 international investors, both retail and institutional, EstateGuru is also the perfect showcase for your development. Our investors don’t just have tens of millions available to lend, they also regularly purchase a property they have invested in during development.
The borrower raised capital to finance the purchase of a variety of printing equipment, with a plan to rent them out.
The borrower raised capital to increase the operational capital of the company to invest in new development projects.
The borrower raised capital to increase the company’s operating capital in order to finance investments in new construction projects.
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