We are supervised by
Keemikute str. 24a, Maardu city, Harju district, Estonia (1 stage)
Amount of funding
169 000 €
LTV
50%
Annual interest rate
14.00% - 15.50%
Total expected project return
16.33% - 18.08%
Loan period
14 mo.
Risk
C (higher)
Purpose of the loan
Refinancing
Collateral
Real estate pledge
Country
Estonia
Estonia
Investors
73
Raised:
169 000 € Goal:
169 000 €
169 000 € Goal:
169 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Prezentacija.pdf |
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| 2 | Vertinimo ataskaita.pdf |
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| 3 | PIID (1 etapas).pdf |
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About the loan
Purpose of the loan
Real estate development
Amount of funding
169 000 €
LTV
50 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
14 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Mortgage rank
First order mortgage
Amount allocated by project owner
540 000.00 €
The amount of 288,000 euros is required for financing, which will be collected in two stages. The loan funds will be used to refinance an existing loan for real estate development - a 15-story building with a 100-space underground parking lot and commercial premises for commercial activities. The building will consist of 80% residential and 20% commercial premises.
- The first floor will be equipped with commercial premises.
- The second floor will have storage facilities.
- All apartments will be on floors 3-14, the 15th floor will be reserved for exclusive apartments.
Keemikute 24A is a multifunctional project. Offering residents a modern residential and commercial environment. Residents will be able to enjoy the sea view already from the second floor. You will find a convenient parking space in a secure garage and a shopping center nearby. More information can be found in the documentation section.
The loan can be refinanced in other financial institution, from income of real estate sales or from company's capital.
Investment from 50.00 €.
Interest
Annual interest rate
- Investing from 50.00 € - fixed interest 14 %
- Investing from 1 000.00 € - fixed interest 14.25 %
- Investing from 3 000.00 € - fixed interest 14.5 %
- Investing from 9 000.00 € - fixed interest 14.75 %
- Investing from 10 000.00 € - fixed interest 15 %
- Investing from 15 000.00 € - fixed interest 15.5 %
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
14 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2024-10-18
Estimated loan repayment date:*
2025-12-18
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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Annual interest rate
13% - 14%
- Investors 138
- LTV 31%
- Risk group B (medium)
- Months 24
- Collateral Real estate pledge
Latvia
Fully invested
The status indicates that the necessary funds have been raised to finance the loan, but the transaction has not yet taken place and is currently in the process of fulfilling the loan disbursement conditions (mortgage etc). At this
stage, the interest does not count. Interest starts to run after the loan is paid to the debtor and the project
status changes to "Processing". By default, fulfillment takes 2-3 weeks.
Teatra str. 9, Jurmala, Latvia
Raised:
283 200 € Goal:
283 200 €
283 200 € Goal:
283 200 €
100%
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