#1203 Development loan - 1.stage (Finland) - Fully Invested Fully invested: 08.02.2022

  • #1203 Development loan - 1.stage (Finland)
  • #1203 Development loan - 1.stage (Finland)
  • #1203 Development loan - 1.stage (Finland)
  • #1203 Development loan - 1.stage (Finland)
  • #1203 Development loan - 1.stage (Finland)
  • #1203 Development loan - 1.stage (Finland)
  • #1203 Development loan - 1.stage (Finland)
  • #1203 Development loan - 1.stage (Finland)
  • #1203 Development loan - 1.stage (Finland)
  • #1203 Development loan - 1.stage (Finland)
  • #1203 Development loan - 1.stage (Finland)
  • #1203 Development loan - 1.stage (Finland)
  • #1203 Development loan - 1.stage (Finland)
  • #1203 Development loan - 1.stage (Finland)
  • #1203 Development loan - 1.stage (Finland)
  • #1203 Development loan - 1.stage (Finland)
  • #1203 Development loan - 1.stage (Finland)
  • #1203 Development loan - 1.stage (Finland)

Executive Summary

    • The loan is used to finance the purchasing of a property and to continue with construction.
    • The loan will be repaid by refinancing, from the sale of the collateral property, or from the incoming business revenues of the company.
    • The loan is secured with a first rank mortgage.
    • Member of the management board of the borrower will provide a personal surety in the full mortgage amount.
    • The borrower retains the opportunity to raise additional capital if necessary, provided that the ratio of the loan and the market value of the collateral (LTV) does not exceed 55.0%.
    • The established mortgage will also cover loans of additional stages of financing.
    • Prior to the additional stages of financing, construction supervision must confirm the completed works (if construction has commenced and works have been performed in a considerable amount) and a third party must assess the market value of the collateral.
    • The LTV in the 1 stage is 42.7% and can increase to 55.0% in further stages.

Loan Terms

Loan Contract Number

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Quick Overview
1,910 investors, €320,000 raised
  • Status Fully Invested
  • Target €320,000
  • Collateral value €750,000
  • LTV 42.7%
  • Projected LTV 55.0%
  • Loan Period 9 months
  • Schedule Type Bullet
  • Mortgage Rank First rank
  • Collateral Type Terraced house (Residential)
  • Loan Type Development loan
  • Loan Type Sub-Category New construction
  • Location Finland

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