Purpose of a business loan
The financing requires an amount of € 80 000, which will be allocated to a potential tenant of the project under development with the preparatory works of the land plot and to accelerate the start of their construction.
Loan collateral
Mortgage of the second line of existing real estate - Mortgage. The loan will be repaid from the sale of the company's development assets, current and future profits or after refinancing the loan.
Investment risk: B (medium)
LTV: 54%
Pledged property: Land plot (other, territory of industrial and storage facilities) 7910–0001-0147, with the total area of 13.16 hectares, address Migūčionių str.2A, Eelektrėnai city municipality.
Value of mortgaged property: 596 000 EUR
Interest:
• When investing from 100 € - interest 12.5%
• When investing from 500 € - interest 12.75%
• When investing from 2 500 € - interest 13%
Loan term
12 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 12 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 03 03
Expected repayment date of the loan: 2021 10 01 - 2022 02 01