We are supervised by
Bratoniškių st. 2, Bratoniškių village, Bezdonių eldership, Vilnius district., Lithuania
Amount of funding
820 000 €
LTV
68%
Annual interest rate
12.25% - 14.25%
Total expected project return
6.12% - 7.12%
Loan period
6 mo.
Risk
C (higher)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
0
Raised:
0 € Goal:
820 000 €
0 € Goal:
820 000 €
0.00%
How much will I earn if I invest:
Investment size
100.00 €
820 000.00 €
12.25%
12.5%
12.75%
13%
13.25%
13.5%
13.75%
14%
14.25%
With this project in one month I will earn
€
After 12 months I will earn
€
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Vertinimas.pdf |
|
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About the loan
Purpose of the loan
Real estate development
Amount of funding
820 000 €
LTV
68 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
6 mo.
Minimum loan period
1 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
The company plans to acquire the project after receiving the financing. The company plans to sell the undeveloped plots. 4 plots of 15 ares, sale price of 10,000 Eur / ar, total income 600,000 Eur. The received funds of EUR 400,000 will be used to cover the loan taken by UAB Nordstreet. The remaining 150,000 Euros will be used for the reconstruction of the building and sauna, changing the purpose to a two-apartment residential house. The area of each apartment is planned to be about 250m2. Sales revenue of 1,700 Eur / m2, total revenue of 850,000 Euros of which 420,000 Euros would be fully covered by a loan to UAB Nordstreet. The remaining amount of about 400,000 Eur will be directed to the remaining plot of 45 acres, where there are 3 buildings for reconstruction / renovation works. After selling all 3 buildings with a total area of about 440m2 at 1,700 Euros / m2, the company plans to earn a net pre-tax profit of 748,000 Euros.
Investment from 100 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 12.25 %
- Investing from 1 000.00 € - fixed interest 12.5 %
- Investing from 3 000.00 € - fixed interest 12.75 %
- Investing from 5 000.00 € - fixed interest 13 %
- Investing from 10 000.00 € - fixed interest 13.25 %
- Investing from 15 000.00 € - fixed interest 13.5 %
- Investing from 20 000.00 € - fixed interest 13.75 %
- Investing from 25 000.00 € - fixed interest 14 %
- Investing from 50 000.00 € - fixed interest 14.25 %
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
6 mo.
Minimum loan period
1 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2022-01-15
Estimated loan repayment date:*
2022-07-15
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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