DebtOther
Target € 124,000
Minimum Amount € 124,000
Minimum Investment € 50
€ 124,000 raised, 100%
100.0% Complete (success)

Kaerepere business loan

  • The loan is used to refinance an existing more expensive loan.
  • The loan is secured by the borrower's production and workshop complex in Rapla County.
  • The property is located in one of the largest centers of central Estonia – Rapla, 5 km from Rapla city and 60 km from Tallinn city. This is a logistically good location, because the location is near the highways and has optimal distance from customers located in different regions of Estonia due to the company's business.
  • The principal activity of the borrower is the sale and brokering of agricultural machinery, repair and maintenance, and the sale of spare parts for agricultural machinery. 
  • The collateral is used by the company as a production and technical base for the sale, repair and maintenance of agricultural equipment.
  • The loan is serviced by the borrower's affiliated companies, the loan is repaid by refinancing with a bank loan or from the company's revenues.
  • The Borrower's Member of the Board also provides a personal guarantee for the whole mortgage amount.
  • EstateGuru security agent will have the 1. rank mortgage on behalf of the lenders.
Interest Rate 11.0%
investments.main.credit.rating
Loan Period18M
LTV 60.0 %
Expires Funded
Investors388
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