About the Loan
Financing requires an amount of € 46,000 to be used to refinance an existing loan.
Loan collateral
First-line mortgages on existing real estate - Mortgage.
The value of the property is € 67,600. The full property valuation is uploaded in the Documents section.
The loan will be repaid from the sale of existing assets, current and future profits, or by refinancing the loan.
IMPORTANT! There is already an asset purchase and sale agreement for one cabinet and an advance agreement for another cabinet.
Investment risk: B (medium)
LTV: 68%
Pledged property: 37.28 sq.m total area 2 separate non-residential premises, address Goštauto str. 8, Vilnius.
Collateral value: 67,600 €
Interest:
- Investing from 100 € - 10,5% interest
- Investing from € 2,500 - interest 11.0%
- Investing from € 10,000 - Interest 11.5%
- Investing from € 17,500 - 12% interest
Interest on the loan is calculated from the predetermined closing date of the auction and is paid monthly.
Loan term
10 months (with the option of repayment before the due date, but not before the 1 month period).
If the Borrower repays the Loan Amount or part thereof less than 1 month after the 10-month deadline, the Borrower shall pay interest to the Lender for the period of 1 month. After 1 month, the Borrower can repay the loan at no additional charge.
Company loan repayment period
Expected loan start date: 2019 11 06
Expected loan repayment date: 2020 04 06 - 2020 06 06