House – Multi-Family / Residential

House – Multi-Family / Residential

Originator: estateguru

Šarkuvos development loan – 1.stage

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Product Description

  • Loan is used for development and sale of 2 separate residential houses, overall 805,58 sq.m.
  • As a loan collateral, company offers 2 separate residential houses with two 545 sq.m. land plots in Pilaitė area in Vilnius.
  • EstateGuru security agent will have the 1 rank mortgage on behalf of the lenders
  • The loan will be returned from the revenue of the collateral property sale in 12 months period.
  • LTV (Loan-to-Value) ratio is: 58 %
  • Member of the Board of the Borrower is providing personal guarantee in full amount. 

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Funded: 143 000 €
Funded percent: 100.0%

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