Purpose of a business loan
Financing of this stage requires an amount of 200 000 EUR (possible further stages of financing, but maximum possible LTV rate will not exceed 50%), which will be allocated to company business growing activities in fishing industry.
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: 6% (Maximum possible LTV rate 50%)
Pledged property: 9205 m2 size 5 buildings (unique number 60/36 and 60/425) with 2,27195 hectares 2 land plots (other, territory of industrial and storage facilities, unique number 60/36 and 60/425), address Legemyrane 4, 6076 Moltustranda, Norway.
Value of mortgaged property: 3 170 660 EUR (on the day the project is launched)
Interest:
• When investing from 100 Eur - interest 11%
• When investing from 20 000 Eur - interest 11.5%
Loan term
30 months (with the possibility of repayment earlier, but not earlier than after a period of 6 months).
If the Borrower repays the Loan amount or part thereof earlier than 6 months after the due date of 30 months, it undertakes to pay interest to the Lender for a period of 6 months. After a period of 6 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 01 20
Expected repayment date of the loan: 2023 01 01 - 2023 02 01
Risk of currency fluctuations
In the property valuation report, we present the value of the property to be exchanged in kroner. The company operates in Norway and receives pajamas in the country's currency - kroner. There is a risk of exchange rate fluctuations.