- 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.