Loan
The financing will require € 320,000 to be used for the final redemption of the premises and the fitting-out of the premises.
Loan collateral
First row mortgages on existing real estate - Mortgage.
The loan will be repaid from the sale of the property being developed by the company, the current and future profits or by refinancing the loan.
Investment risk: C (riskier)
LTV: 58%
Mortgaged property: 816,27 m2 non-residential administrative premises, Savanorių pr. 178F, Vilnius.
Value of the mortgaged property: € 555 000
Interest:
- Investing from 100 € - interest 11.5%
- Investing from € 5,000 - 12% interest
- Investing from € 10,000 - 12,5% interest
- Investing from € 25,000 - 13% interest
- Investing from € 65,000 - 16% interest
The interest on the Loan Amount shall be calculated from and including the date of disbursement of the Loan Amount to the Borrower's Paysera account or to such other account (or accounts) as notified by the Borrower to the Operator in writing prior to the disbursement of the Loan Amount.
Loan term
14 months (with option to repay earlier but not earlier than 6 months).
If the Borrower repays the Loan Amount or part thereof less than 6 months after the due date of 14 months, the Borrower 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 at no additional charge.
Company loan repayment period
Expected loan start date: 2020 03 03
Expected loan repayment date: 2020 12 28 - 2021 02 01