Purpose of a business loan
The financing requires an amount of € 330,000, which will be used to start a development project with a potential buyer with preparatory works for the land plot.
Loan collateral
Mortgage of the first line of existing real estate part (0.2500 ha) - 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: 70%
Pledged property: 0.2500 hectare land plot (other territories of commercial objects), un.nr 4400-0869-1547, the total area of which is 0.8497 hectares, address Ukmergės str.326, Vilnius city municipality..
Value of mortgaged property: 472 025 EUR
Interest:
• When investing from 100 € - interest 11%
• When investing from 1 000 € - interest 11.25%
• When investing from 2 500 € - interest 11.5%
• When investing from 10 000 € - interest 11.75%
• When investing from 25 000 € - interest 12%Loan term
12 months (with the possibility of repayment earlier).
Company loan repayment period
Estimated start date of the loan: 2021 03 10
Expected repayment date of the loan: 2021 10 01 - 2022 02 01