We are supervised by
Beržų g. 56, Skrabinės k., Rudamina sen., Vilniaus r. sav., Lithuania
Amount of funding
35 250 €
LTV
65%
Annual interest rate
14.00% - 15.00%
Total expected project return
14.00% - 15.00%
Loan period
12 mo.
Risk
C (higher)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
25
Raised:
35 250 € Goal:
35 250 €
35 250 € Goal:
35 250 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Techninis projektas.pdf |
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| 2 | RC - Vilniaus r. sav., Rudaminos sen., Skrabinės k., Beržų g. 56.pdf |
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| 3 | Vertinimo ataskaita 2024-10-04.pdf |
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| 4 | PIID.pdf |
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About the loan
Purpose of the loan
Real estate development
Amount of funding
35 250 €
LTV
65 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
12 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
Second order mortgage
Amount allocated by project owner
70 000.00 €
Loan purpose
The amount of EUR 35 250 is required for the financing, which is raised in one stage. The borrower has been granted a loan of EUR 117 500 for the development of this property, which has been funded until 11/10/2024. The borrower has revalued the property after completing part of the works (property valuation report dated 04.10.2024) and has established the current market value of the property at EUR 235 000. The borrower applied for an additional loan of EUR 35 250. The loan will be used for the interior decoration and landscaping of the immovable property, i.e. an unfinished residential house with a total area of 174,80 sq. m, located at Beržų g. 56, Skrabinės k., Rudamina sen., Vilniaus r. sav., Lithuania. The loan will be repaid by refinancing with another financial institution or from the proceeds of the sale of the property. The amount to be contributed by the project owner is EUR 70 000.
About the project
The project consists of a plot of land and an unfinished two-storey dwelling house of brick masonry construction, marked 1A2/b on the plan. The registered gross floor area of the building is 174,80 sq.m., According to the cadastral measurement file, on the ground floor of the house: two unfurnished rooms (1-1 and 1-2) are registered, the room (1-1) is equipped with partitions, which, according to the project, form the form of a vestibule, a bathroom and a bathroom. On the second floor of the building: seven unfitted rooms registered. Year of construction: 2023. According to the construction project, the building is expected to have an energy performance class A++. Completion of the building is 41 % as registered at the Centre of State Registers.
The property is best used for its current purpose (after completion of the construction and interior fitting out of the house). The most likely potential purchasers of the property are private individuals who intend to purchase the property and use it for their own purposes (residential use).
The residential building is designed in a traditional architectural style, with a single volumetric form of a two-storey house, with a four-sided volume. Insulated brick walls with decorative plaster and clinker brick type finishes, four pitched roof, wooden rafter construction, with profiled tin roofing. The building is designed with modern structural and engineering solutions. The compositional solutions of the building volume correspond to the purpose of the building and the character of the surrounding development. The internal walls of the residential building are brick, plastered, rendered and painted. The walls and floors of the sanitary facilities are covered with ceramic/stone tiles. The floors in the rooms shall be solid wood planks or other floor coverings chosen by the builder. For kitchen floors, stone tiles are recommended. The ceiling of the building shall be plasterboard, plastered, painted. Windows with PVC profile frames. External doors of reinforced construction.
Car access to the building from Beržų street. The plot has a trapezoidal shape and a relatively flat topography. The site is adjacent to other undeveloped plots of similar or equivalent use. Utilities:
- Electricity - a 0.4 kV underground line passes close to the land plots in Beržų and Skrabinės streets, as well as a transformer substation in the vicinity;
- Gas pipeline - a medium pressure gas distribution pipeline is located in the vicinity of the land plots, in Beržų street 52.
More information about the project (see Documents).
Investment from 50.00 €.
Interest
Annual interest rate
- Investing from 50.00 € - fixed interest 14 %
- Investing from 1 000.00 € - fixed interest 14.25 %
- Investing from 3 000.00 € - fixed interest 14.5 %
- Investing from 5 000.00 € - fixed interest 14.75 %
- Investing from 7 500.00 € - fixed interest 15 %
The Interest on the Loan Amount shall be calculated from and including the date of disbursement of the Loan Amount to the Debtor's Account or to such other account (or accounts) as notified by the Debtor to the Operator in writing prior to the disbursement of the Loan Amount.
Loan term and repayment
Loan period
12 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2024-12-20
Estimated loan repayment date:*
2025-11-29
If the Debtor repays the Loan earlier than after the specified minimum loan period, it undertakes to pay interest to the Lender for the entire specified minimum period.
* The loan is planned to be repaid by the end of the project term from the expected growing income of the company, increasing profits, sale of assets or refinancing of the loan.
Procedure for disputes between parties to a financing transaction
The investor has the right to withdraw their investment within 96 hours from the submission of the money lending proposal on the platform
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