Commercial – Logisitics/Warehouse

Commercial – Logisitics/Warehouse

Originator: estateguru

Pringi business loan 2. stage

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Product Description

  • 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.
  • LTV (loan to value) ratio is 55%, considering the loan amount of 2. stage.
  • Member of the board of the borrower will provide a personal guarantee in the full mortgage amount.

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Funded: 107 500 €
Funded percent: 43.0%

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