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Interim loan with real estate pledge Rinktinės st., Vilnius, Lithuania
Amount of funding
130 000 €
LTV
60%
Annual interest rate
11.00% - 12.50%
Total expected project return
5.50% - 6.25%
Loan period
6 mo.
Risk
B (medium)
Purpose of the loan
Bridge loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
70
Raised:
130 000 € Goal:
130 000 €
130 000 € Goal:
130 000 €
100.00%
| # | File name | File type | Actions |
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| 1 | Vertinimas.pdf |
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About the loan
Purpose of the loan
Investment loan
Amount of funding
130 000 €
LTV
60 %
Risk
B (medium)
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
Funding requires amount of € 352 000. The loan funds will be used to purchase real estate. After purchasing the property, the borrower plans to refinance the loan with the bank on better terms.
The loan can be refinanced in other financial institution, from income of real estate sales or from company's capital.
Investment from 100.00 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 11 %
- Investing from 1 000.00 € - fixed interest 11.25 %
- Investing from 3 000.00 € - fixed interest 11.5 %
- Investing from 9 000.00 € - fixed interest 11.75 %
- Investing from 15 000.00 € - fixed interest 12 %
- Investing from 20 000.00 € - fixed interest 12.5 %
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:*
2022-12-02
Estimated loan repayment date:*
2023-05-17
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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Annual interest rate
16% - 16%
- Investors 43
- LTV 0%
- Risk group B (medium)
- Months 24
- Collateral Guarantees / surety
Lithuania
Fully invested
The status indicates that the necessary funds have been raised to finance the loan, but the transaction has not yet taken place and is currently in the process of fulfilling the loan disbursement conditions (mortgage etc). At this
stage, the interest does not count. Interest starts to run after the loan is paid to the debtor and the project
status changes to "Processing". By default, fulfillment takes 2-3 weeks.
Business loan #00337 (2 stage)
Raised:
12 000 € Goal:
12 000 €
12 000 € Goal:
12 000 €
100%
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- Average return 12.72%
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