We are supervised by
Land project in Baltų, Monciškių, Šaltinio str. Palangos city municipality, Lithuania (2 nd rate mortgage)
Amount of funding
117 500 €
LTV
75%
Annual interest rate
9.00% - 10.25%
Total expected project return
4.50% - 5.12%
Loan period
6 mo.
Risk
C (higher)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
126
Raised:
117 500 € Goal:
117 500 €
117 500 € Goal:
117 500 €
100.00%
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| 1 | 1f965400f5cec7926627faa19af1d6df.pdf |
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| 2 | Statybos leidimas.pdf |
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About the loan
Purpose of the loan
Real estate development
Amount of funding
117 500 €
LTV
75 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
6 mo.
Minimum loan period
2 mo.
Collateral
Real estate pledge
Mortgage rank
Second order mortgage
Purpose of the loan
The funding required for this phase is EUR 117 500, which will be used for development and construction works of the project. Work has already begun on the buildings with existing permit issued. The loan will be repaid from the proceeds of the sale of the property or by refinancing at another financial institution.
About the project
Currently construction is in progress and 12 houses are being built, each with an area of 100 m2, invested up to 400 TEUR in the company's own funds. Funds raised will be used to finance construction work, as the materials have been purchased in advance. Reservations are already in progress. More about the project https://j7.lt/.
Investment from 100.00 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 9 %
- Investing from 1 500.00 € - fixed interest 9.5 %
- Investing from 500.00 € - fixed interest 9.25 %
- Investing from 3 000.00 € - fixed interest 9.75 %
- Investing from 9 000.00 € - fixed interest 10 %
- Investing from 15 000.00 € - fixed interest 10.25 %
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
6 mo.
Minimum loan period
2 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2021-11-30
Estimated loan repayment date:*
2022-05-30
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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