Commercial – Accomodation/Service

Commercial – Accomodation/Service

Originator: estateguru

Kuninga str bridge loan

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Product Description

  • The loan will be used for purchasing a property and to prepare it for the renovation.
  • As a loan collateral, the company offers a commercial house in the city centre of Pärnu, Estonia.
  • EstateGuru security agent will have the 1. rank mortgage on behalf of the lenders
  • The loan will be returned by the sale of the renovated apartment ownerships within 18 month period.
  • The loan interests will be serviced monthly.
  • LTV (loan to value) ratio is 63%.
  • Member of the board of the borrower will provide a personal guarantee in full mortgage amount.

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Funded: 120 000 €
Funded percent: 100.0%

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