Purpose of a business loan
Financing of this stage requires amount of 140 000 EUR, which will be allocated to company business growing activities.
Loan collateral
Mortgage of the first line of existing real estate - Mortgage. The loan will be repaid from the sale of the company's assets, future profits or after refinancing the loan.
Investment risk: C (higher)
LTV: 74%
Pledged property: Address Āvu iela 5-2, Vālodzes, Stopiņu novads, Riga, Latvia. Apartment no.2 (Cad. no. 8096 900 2454) with the supposed parts of the joint ownership 1804/3415 from the residential house with Cad.no. 8096 003 0934 001, total size 180,4 m2 and a land plot with cad.no. 8096 003 0934 with a total area of 1585 sq.m., The apartment property includes 1804/3415 presumed parts of the land plot, with the right to use the part of the land plot in the area of 640 m2.
Value of mortgaged property: 188 000 EUR
Interest:
• When investing from 100 Eur - interest 10.5%
• When investing from 1 500 Eur - interest 10.75%
• When investing from 3 000 Eur - interest 11%
• When investing from 5 000 Eur - interest 11.25%
Loan term
24 months (with the possibility of repayment earlier, but not earlier than after a period of 4 months). If the Borrower repays the Loan amount or part thereof earlier than 4 months after the due date of 24
months, it undertakes to pay interest to the Lender for a period of 4 months. After a period of 4 months, the Borrower may repay the loan (together with the applicable interest) without any additional fees.
Company loan repayment period
Estimated start date of the loan: 2021 05 30
Expected repayment date of the loan: 2022 10 01 - 2023 02 01