Purpose of a business loan
For this phase, funding of 160 000 € is needed to complete the renovation and refurbishment of the building.
Loan collateral
Mortgage of the first line of existing real estate - Mortgage. The loan will be repaid after the sale of all / part of the pledged property, from the sale of the company's development assets, current and future profits or after refinancing the loan.
Guarantee of the manager and shareholder.
Investment risk: B (medium)
LTV: 59%
Pledged property: a plot of land (un.nr. 4400-2356-7439) with a total area of 0.0503 ha, other engineering structures - Courtyard structures, (u.n. 1398-9014-5069) and a building - a residential house (un.n. 1398-9014-5014) with a total area of 295.29 m2, located at J. Kolaso g. 10, Naujoji Vilnia eldership, Lithuania.
Value of mortgaged property: 269 000 €
Interest:
When investing from 100 € - interest 10.5%
When investing from 500 € - interest 10.75%
When investing from 1 000 € - interest 11%
When investing from 5 000 € - interest 11.25%
When investing from 10 000 € - interest 11.5%
When investing from 25 000 € - interest 12%
Loan term
24 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 24 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: 2021 03 15
Expected repayment date of the loan: 2022 03 15 - 2022 11 15