Value of existing real estate (residential building): EUR 575,000
Financing required: EUR 60,000
Loan term: 12 months (with a possibility to repay earlier, but not earlier than after 2 months)
Annual Interest 15%
The already existing ratio of the primary mortgage loan to the asset collateral value (LTV) is already 61%. (Mortgage Holder Nordstreet)
Future with the required funding amount, total loan-to-asset ratio (LTV) ratio of 71%.
Loan collateral
Second-rank pledge of existing real estate (residential building). (Primary Mortgage Holder Nordstreet)
The value of the property is EUR 575 000
Project installation period
Project start date: 2018 07 10
Process of the project process: 2018 07 10 - 2019 06 10 (11 months)
Start of project sale: 2018 11 10 (already started, part of apartments sold)
Expected end of project: 2019 07 01
More information about the project and its progress can be found here: http://basanaviciaus148.lt/