#1680 Bridge loan (Estonia) - Fully Invested Fully invested: 06.11.2018
- The loan is used to increase the operating capital of the company.
- The loan will be repaid from the sale of the collateral property or refinancing by a long-term bank loan.
- The loan is secured with a first rank mortgage.
- The borrower has extensive experience from the real estate industry; the company’s main activity is renting and managing own and rented real estate.
- The collateral is a business land located in the Aisa residential area, where no more than a three‑storey business centre will be built. Five business land plots are located on the Viljandi highway side of the Aisa residential area, one of which has already been sold by the developer.
- Information about Aisa block: www.aisakvartal.ee
|Loan Contract Number|
100.0% filled, 295 investors
Expires Fully Invested
Collateral value €91,000
Loan Period 18 months
Schedule Type Bullet
Mortgage Rank first rank
Mortgage Type Land plot (commercial)
Loan Type Bridge loan