Residential – Appartments

Residential – Appartments

Originator: estateguru

A.Haava 7 reconstruction loan – 1.stage

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Product Description

  • The loan is used to refinance the current outstanding liabilities (more expensive construction loan) and to continue with the construction works.
  • As a loan collateral, the company offers 5 apartment ownerships in an apartment building in Tartu City Centre.
  • The borrower has long-term experience in real estate development. In the previous years, more than 100 apartments have been built in Tartu and the nearby area.
  • The loan is repaid from the sales revenue of the apartments in 12 months term.
  • Member of the board of the borrower is providing a personal guarantee in full mortgage amount.
  • EstateGuru security agent will have the 1. rank mortgage on behalf of the lenders.

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Funded: 200 000 €
Funded percent: 100.0%

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