Pringi business loan Funded: 30.08.2017

  • Pringi business loan
  • Pringi business loan
  • Pringi business loan
  • Pringi business loan
  • Pringi business loan
  • Pringi business loan
  • Pringi business loan
  • Pringi business loan
  • Pringi business loan
  • Pringi business loan

Executive Summary

    • The loan will be used for expansion to the new markets of the company.
    • As a loan collateral, the company offers a land plot with manufacturing building at Viimsi.
    • EstateGuru security agent will have the 1st rank mortgage on behalf of the lenders.
    • The loan will be returned from the profits earned by the company or by refinancing the loan within 24 month period.
    • The loan interest payments will be serviced monthly by the company's monthly earnings.
    • The borrower reserves the right to raise additional capital also in 2 stage, that the maximum LTV does not exceed 56%
    • LTV (loan to value) ratio is 28% in the first stage.
    • Member of the board of the borrower will provide a personal guarantee in the full mortgage amount.

Loan Terms

Loan Contract Number

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Quick Overview
100.0% filled, 508 investors, €250,000 raised
  • Expires In Default
  • Target €250,000
  • Collateral value €902,000
  • LTV 55.0%
  • Projected LTV 56.0%
  • Loan Period 24 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Property Type
  • Loan Type Reconstruction loan
  • Location Estonia

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