Value of existing real estate (building): 575 000 Eur
Construction completion price: 350,000 Eur
Loan maturity: 12 months (with early repayment but not earlier than after 6 months)
Interest 12%
Loan to value ratio: 61%
Loan collateral
Pledge of first-rate mortgaged real estate - Mortgage.
The value of the property is 575,000 Eur
The loan will be additionally guaranteed by the company director and shareholder, a natural person.
Project installation period
Project start: 2018 07 10
Project preparation and process progress: 2018 07 10 - 2019 06 10 (11 months)
Start of sale of the project: 2018 11 10 (already started, part of the apartments sold)
Expected completion of the project: 2019 07 01
More information about the project and its progress can be found here: http://basanaviciaus148.lt/