Refinancing of a modern micro-office loan with a secondary mortgage Goštauto g. 8, Vilnius
The amount required to refinance the loan is 30,000 Eur. The loan maturity is 12 months, interest is 16%.
The loan will be used to refinance a natural person's loan. All 5 rooms are leased, rental income per month - 1280eur. These amounts are sufficient to cover all liabilities.
Interest is paid monthly from rental income.
Total area: 95.51 sq. M. m
According to the latest valuation of the real estate agency "Vestas" UAB, the preliminary market value of all fully equipped offices is EUR 154,000.
Market value date: 11/27/2017
Method of determining market value: Comparative and income estimation
The loan will be redeemed by selling the classrooms.
The primary mortgage is a loan from the bank, the loan size is 79 000 euro.
The planned sales revenue of the property - 189 000 euro. (See Finale Model Details)
Grow your business faster! Getting a business loan secured through mortgage is much easier and faster with Nordstreet.
Why apply to Nordstreet for a business loan?