We are supervised by
Kalnų st. 8, Naujosios vil., Zujūnai, Vilnius d. mun., Lithuania (3 stage)
Amount of funding
34 600 €
LTV
60%
Annual interest rate
14.00% - 15.00%
Total expected project return
19.83% - 21.25%
Loan period
17 mo.
Risk
C (higher)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
28
Raised:
34 600 € Goal:
34 600 €
34 600 € Goal:
34 600 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Vertinimo ataskaita KALNŲ G. 8-1 95400 EUR.pdf |
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| 2 | Vertinimo ataskaita KALNŲ G. 8-2 95600 EUR.pdf |
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| 3 | SP_breziniai_Kalnu 8.pdf |
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| 4 | SA_breziniai_Kalnu 8.pdf |
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| 5 | Nuostatai_MB_RolDot.pdf |
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| 6 | PIID (3 etapas).pdf |
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About the loan
Purpose of the loan
Real estate development
Amount of funding
34 600 €
LTV
60 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
17 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
Amount allocated by project owner
150 000.00 €
Purpose of the loan
The amount of EUR 114,600 is required for financing, which will be collected in three stages. The loan funds will be used for the real estate object, i.e. duplex 280.49 sq. m. total area of an unfinished residential house located on Kalnų st. 8, Naujosios vs., Zujūnų sen., Vilnius district mun., Lithuania, for construction and finishing works. The loan will be repaid by refinancing it in another financial institution or from the sale of assets and/or from the company's income. The amount that the project owner allocates to the project himself is EUR 150,000.
About the project
The project consists of a plot of land and an unfinished duplex two-story residential house, built in 2022-2023. The apartments in the house are connected through the garage. Currently, the actual completion of the building is registered at 50 percent. Total area 280.49 square meters, living area 229.47 sq. m, garage area 50.80 sq. m. The foundations of the building are reinforced concrete, the walls are block masonry, the roof is tiled, the roof covering is bituminous, the partitions are blocks, there are no windows, doors, interior and exterior decoration. Concrete stairs to the second floor. The welfare of the plot of land is not in order, the plot is partially fenced, construction works are underway.
Real estate is best used for its current purpose (after completion of house construction and interior finishing works). The most likely potential buyers of the property are private individuals who intend to purchase the property and use it for their own purposes (residential use).
The building can be accessed by car from Kalnų street. Cars are parked and stored on the territory of the plot.
The plot of land has an area of 0.2369 ha; purpose of the plot - other; the type of land plot use / nature - areas of one- and two-family residential buildings. The shape of the plot of land is an irregular polygon. The land plot was formed by carrying out cadastral measurements. Communications: local water supply, local sewerage, electricity supply.
More about the project (see Documents).
Investment from 100 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 14 %
- Investing from 1 000.00 € - fixed interest 14.25 %
- Investing from 3 000.00 € - fixed interest 14.5 %
- Investing from 5 000.00 € - fixed interest 14.75 %
- Investing from 7 000.00 € - fixed interest 15 %
The Interest on the Loan Amount shall be calculated from and including the date of disbursement of the Loan Amount to the Debtor's Account or to such other account (or accounts) as notified by the Debtor to the Operator in writing prior to the disbursement of the Loan Amount.
Loan term and repayment
Loan period
17 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2024-02-06
Estimated loan repayment date:*
2025-07-22
If the Debtor repays the Loan earlier than after the specified minimum loan period, it undertakes to pay interest to the Lender for the entire specified minimum period.
* The loan is planned to be repaid by the end of the project term from the expected growing income of the company, increasing profits, sale of assets or refinancing of the loan.
Procedure for disputes between parties to a financing transaction
The investor has the right to withdraw their investment within 96 hours from the submission of the money lending proposal on the platform
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