Tuigo street development loan Funded: 16.10.2017

  • Tuigo street development loan
  • Tuigo street development loan
  • Tuigo street development loan
  • Tuigo street development loan
  • Tuigo street development loan
  • Tuigo street development loan
  • Tuigo street development loan
  • Tuigo street development loan
  • Tuigo street development loan

Executive Summary

    • The loan is used to refinance existing more expensive liabilities and to raise additional capital to complete the construction work.
    • The borrower has previously raised capital through EstateGuru platform and successfully returned fully the loan principal with accumulated interest to the investors.
    • As a loan collateral, the borrower is offering two private houses, where interior finishing works are almost finished nearby Tartu. 
    • The borrower has a long-term experience in construction and real estate in both Tartu and Võru.
    • The loan is repaid from the sale of houses within 12 months.
    • 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.
    • The borrower is adding 1% bonus annual interest for investors committing at least 10 000 EUR (12.0%) and 2% bonus annual interest for investors committing at least 20 000 EUR (13.0%).

Loan Terms

Loan Contract Number

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Quick Overview
  • 11.00%
    Investment ≥ €10,000 = 1.0% bonus Investment ≥ €20,000 = 2.0% bonus
100.0% filled, 302 investors, €130,000 raised
  • Expires In Default
  • Target €130,000
  • Collateral value €195,000
  • LTV 67.0%
  • Loan Period 12 months
  • Schedule Type Full bullet
  • Mortgage Rank First rank
  • Property Type
  • Loan Type Business loan
  • Location Estonia

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