DebtCommercial - Office Space
Target € 220,000
Minimum Amount € 220,000
Minimum Investment € 50
€ 220,000 raised, 100%
100.0% Complete (success)

Tolli 7 bridge loan

  • The loan is used to finance the purchase of a commercial building and to prepare the building for renovation.
  • The loan is secured with two collaterals: the purchasable commercial building in the centre of Kuressaare, and the borrower's private house which is situated 25 km from Kuressaare.
  • The loan will be repaid by refinancing with a long-term bank loan within 12 months.
  • The borrower will service the loan interest payments from monthly rental revenues. 
  • Member of the board of the borrower is providing a personal guarantee in full mortgage amount.
  • EstateGuru security agent will have the 1. rank mortgage on behalf of the lenders.
Interest Rate 10.5% NOT_DEFINED
Loan Period12M
LTV 56.0 %
Expires Funded
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Kuressaare from the sky, March 2015