Purpose of a business loan
Financing requires an amount of € 92 460 to be used for the purchase merge and further development of the premises in the building.
Loan collateral
Mortgage of the first line of existing real estate - Mortgage. The loan will be repaid from the sale of the company's development assets, current and future profits or after refinancing the loan.
Investment risk: B (medium)
LTV: 69%
Mortgaged property: 60.27 m2 of total area of residential premises, address Lelevelio str.4, Vilnius.
Value of mortgaged property: € 134 ,000
Interest:
- When investing from 100 € - interest 10.5%
Loan term
12 months (with the possibility of repayment earlier, but not earlier than after a period of 6 months).
If the Borrower repays the Loan amount or a part thereof earlier than 6 months after the due date of 12 months, it undertakes to pay interest to the Lender for a period of 6 months. After a period of 6 months, the Borrower may repay the loan (together with the applicable interest) without any additional fees.
Company loan repayment period
Estimated start date of the loan: 2020 10 25
Expected repayment date of the loan: 2021 05 01 - 2021 06 01