- The loan will be used for purchase and completing the construction of a development project.
- As a loan collateral, company offers a residential land at Männiku tee, Tallinn.
- EstateGuru security agent will have the 1. rank mortgage on behalf of the lenders.
- The loan will be returned by the sale of the completed apartments within 12 months.
- LTV (loan to value) ratio is 43% in the 1st stage and could be increased up to 65% in the 2nd stage of the loan.
- Member of the board of the borrower will provide a personal guarantee in the full mortgage amount.