We are supervised by
Girių str. 28, Bendorių village, Avižieniai, Vilnius, Lithuania (7 stage)
Amount of funding
105 300 €
LTV
47%
Annual interest rate
14.00% - 15.50%
Total expected project return
14.00% - 15.50%
Loan period
12 mo.
Risk
C (higher)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
176
Raised:
105 300 € Goal:
105 300 €
105 300 € Goal:
105 300 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Vertinimo ataskaita Vilniaus r. sav., Avižienių sen., Bendorių k., Girių g. 28.pdf |
|
About the loan
Purpose of the loan
Real estate development
Amount of funding
105 300 €
LTV
47 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
12 mo.
Minimum loan period
6 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
Funding requires amount of € 718 400, which be divided into stages. The loan funds will be used for real estate development. The borrower plans to build a commercial building of about 10,000 m2 and rent it out.
The following will be built: warehouses, commercial premises, offices, exhibition premises, etc. It is also planned to rent part of the parking lot. A separate access to the Vilnius - Panevėžys highway will be installed. (Highway A2)
The borrower already has two companies interested in renting real estate, letters of intent have been signed.
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 14 %
- Investing from 1 000.00 € - fixed interest 14.5 %
- Investing from 5 000.00 € - fixed interest 15 %
- Investing from 10 000.00 € - fixed interest 15.5 %
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
12 mo.
Minimum loan period
6 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2023-06-27
Estimated loan repayment date:*
2024-06-10
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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