Laineoru development loan 1. phase Funded: 28.03.2017

  • Laineoru development loan 1. phase
  • Laineoru development loan 1. phase
  • Laineoru development loan 1. phase
  • Laineoru development loan 1. phase
  • Laineoru development loan 1. phase
  • Laineoru development loan 1. phase

Executive Summary

    • The loan will be used for constructing of a detached house (5-apartment ownerships) at Laineoru road, Viimsi borough, Harju county.
    • At the moment, the basement section has been finished, it will be insulated and strengthened to proceed with the construction works.
    • As a loan collateral, the company offers a property in a prestigious area near Tallinn, Estonia. 
    • EstateGuru security agent will have the 1st rank mortgage on behalf of the lenders.
    • The loan will be returned by the sale of the apartments within 12 months period. 
    • The borrower can raise additional capital for up to a total of €800 000 in 2-3 stages. For each stage of financing, the maximum LTV can be up to 65%. 
    • Member of the board of the borrower will provide a personal guarantee in full mortgage amount.
    • The borrower will add 1% bonus annual interest for investors committing more than €10 000 (total 12%)​

Loan Terms

Loan Contract Number

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Quick Overview
  • 11.00%
    Investment ≥ €10,000 = 1.0% bonus
100.0% filled, 513 investors, €300,000 raised
  • Expires In Default
  • Target €300,000
  • Collateral value €499,000
  • LTV 65.0%
  • Projected LTV 65.0%
  • Loan Period 12 months
  • Schedule Type Full bullet
  • Mortgage Rank First rank
  • Property Type
  • Loan Type Business loan
  • Location Estonia

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