- The loan will be used for continue the reconstruction works of the office building.
- The capital is raised in three phases – considering the 3rd stage of the loan, total loan principal amount is 356 200 eur.
- An existing 2-storey buliding with a basement and loft will be rebuilt 3-storey building. Reconstructed building will contain apartments for living and office rooms.
- As loan collateral, the company is offering the office building at Ropka district of Tartu.
- EstateGuru security agent will have the 1st rank mortgage on behalf of the lenders.
- The mortgage amount will take account also the 3rd stage loan (mortgage amount 900 000 eur).
- The loan will be returned within 12 months from the sale of the apartments and office rooms.
- LTV ratio is 58% taking into consideration the 1st, 2nd and the 3rd stage loan amount (principal amount of 1. and 2. stage 296 200 euros + 60 000 euros)
- Member of the board of the borrower will provide a personal guarantee in the full mortgage amount.