Residential – Appartments

Residential – Appartments

Originator: estateguru

Jüri refinancing loan

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Product Description

  • The loan will be used for refinancing outstanding liabilities (more expensive loan).
  • As a loan collateral, the company offers a 3-room apartment at Jüri borough and a private house in the city of Paide.
  • The loan will be returned from the sale of the collateral properties within 18 month period.
  • The loan interests will be paid monthly, from the company's monthly revenues.
  • LTV (loan to value) ratio is: 65%
  • Member of the board of the borrower will provide a personal guarantee in the full mortgage amount. 
  • EstateGuru security agent will have the 1. rank mortgage on behalf of the lenders.

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Funded: 75 000 €
Funded percent: 100.0%

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