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We are reglamented by
Karklų st. 27, Ežerėlis, Kauno d. mun., Lithuania
Amount of funding
20 000 €
LTV
28%
Annual interest rate
12.00% - 13.00%
Total expected project return
12.00% - 12.99%
Loan period
12 mo.
Risk
B (medium)
Purpose of the loan
Business loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
12
Raised:
20 000 € Goal:
20 000 €
20 000 € Goal:
20 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Nuostatai MB Navronyx.pdf |
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| 2 | Turto vertinimo ataskaita.pdf |
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| 3 | PIID.pdf |
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About the loan
Purpose of the loan
To increase the company's working capital
Amount of funding
20 000 €
LTV
28 %
Risk
B (medium)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
12 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
Amount allocated by project owner
50 500.00 €
The purpose of the loan
The amount of EUR 20 000 is required for the financing, which is raised in one round. The loan will be used to expand the business and to refinance an existing loan with another financial institution. The loan will be repaid by refinancing with another financial institution or from the proceeds of the sale of real estate. The amount to be contributed by the project owner himself is EUR 50 500.
About the project
The project consists of a plot of land with buildings located at Ežerėlis, Karklų st. 27, Kaunas district municipality. According to the data of the Real Estate Register, the object consists of a plot of land and a garden building located thereon. The ownership right is registered to a natural person. The unique number of the land plot is 5220-0003-0014, area - 0,0863 ha. Main use - agricultural, use method - amateur garden plots. The plot was formed during cadastral measurements. The size of the plot is sufficient for residential and recreational use, zoning, recreation area, parking and additional amenity solutions.
The unique number of the building is 4400-2133-4256. The building is registered as a garden building, year of completion - 2009, completion rate - 100 %. Total area - 27,64 sq. m, built-up area - 32 sq. m, volume - 79 cubic m, single storey.
Constructive solutions of the building: concrete foundations, walls - wooden frame, bricked and plastered, wooden roof structure with asbestos cement covering. Interior finishes include laminate, tiles, painted ceilings, plastic windows, metal entrance doors. The technical condition of the building is assessed by the assessors as good according to the information provided. The property is used for residential purposes, internal improvements have been made and it is suitable for everyday use.
Utilities - local heating, local water supply, local sewage disposal, no gas. These are typical solutions for gardens and individual holdings. Operation is possible, but the level of comfort depends on the quality and efficiency of the individually installed systems.
Best and most efficient use. Taking into account the location, the use of the plot, the existing built-up area and market demand, the best use of the mortgaged property is a detached garden house or a recreational/weekend retreat with the possibility of permanent use. Further modernisation, energy improvements or increasing the utilisation of the area are also possible, in line with the possibilities of the legislation.
Market attractiveness. The property is suitable for buyers looking for an inexpensive individual housing near Kaunas city, as well as for those who want to own a plot of land, private yard and a quiet residential environment. The property has a well-maintained interior, low maintenance and the possibility to live away from the city centre. The liquidity of the property is assessed by the appraisers as medium-good. Positive influences are the proximity to Kaunas, the land plot, the established residential area and the demand for economy class individual housing. The liquidity is limited by the small size of the building, the use of the garden and the local communications, which are less attractive for some buyers.
The property is a well-kept, functional and market-demanding economy class property. Due to the location, ownership of the plot, the building suitable for living and the proximity to Kaunas city, the property is considered to be sufficiently attractive and its market opportunities are favourable.
For more information about the project (see Documents).
Investment from 50.00 €.
Interest
Annual interest rate
- Investing from 50.00 € - fixed interest 12 %
- Investing from 1 000.00 € - fixed interest 12.25 %
- Investing from 3 000.00 € - fixed interest 12.5 %
- Investing from 5 000.00 € - fixed interest 12.75 %
- Investing from 7 000.00 € - fixed interest 13 %
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
12 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2026-04-27
Estimated loan repayment date:*
2027-04-27
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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