Residential – Appartments

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Pargi bridge loan – 3.stage

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Product Description

  • The loan is used to continue with the construction works.
  • The loan is secured with apartment ownerships in a reconstructed and expanding business and residential building in Tartu City Centre.
  • The loan applicant has long-term experience in real estate development in the center of Tartu. The developer has been operating in Tartu since 2003, has built about 10 000 m2 of residential real estate and built homes to about 300 people.
  • The loan is repaid from the sales revenue in 18 months period.
  • The borrower has previously raised capital through EstateGuru platform, which has been already fully repaid (principal amount of €300 000) with accumulated interest (€16 174) and all the interest payments have been done in due time. In addition, the borrower has also partially repaid the principal amount for the current loan in addition to accumulated interest.
  • 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.

Learn more

Investment goal:
76 000 €

Funded:
76 000 €

Funded percent:
100.0%

Country:
Estonia

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