We are supervised by
Land project Kiautrynų str., Valtarkiemio str., Klaipėda, Lithuania (2 stage)
Amount of funding
60 000 €
LTV
40%
Annual interest rate
13.00% - 15.00%
Total expected project return
12.99% - 15.00%
Loan period
12 mo.
Risk
C (higher)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
61
Raised:
60 000 € Goal:
60 000 €
60 000 € Goal:
60 000 €
100.00%
| # | File name | File type | Actions |
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| 1 | Vertinimas naujas.pdf |
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About the loan
Purpose of the loan
Real estate development
Amount of funding
60 000 €
LTV
40 %
Risk
C (higher)
Payment of interest
Once per quarter
Loan repayment
At the end of the loan period
Loan period
12 mo.
Minimum loan period
6 mo.
Collateral
Real estate pledge
Mortgage rank
First order mortgage
Funding requires an amount of EUR 200 000, which can be divided into 2 - 3 p. Part of the funds will be used to refinance the loan up to EUR 130,000, the rest EUR 70,000 for further asset development.
There are 59 plots in this project, which are intended for the construction of one- and two-apartment residential houses. Plots for sale, 6 already sold, 2 reserved. Construction is scheduled to begin in the quarter this summer.
In total, the company will offer 160 plots to the market.
The plots are in the territory of Klaipeda. Nearby - well-developed city infrastructure: close to shops, educational institutions, public transport, and the city center can be reached by car in just 10 minutes. Due to the excellent location and exceptional landscape, it is one of the most promising and fastest-growing corners of Klaipeda.
More information can be found here www.kamaniupievele.lt.
The loan will be repaid by refinancing at another financial institution, from the sale of assets or the proceeds of the business. A 6-month interest deposit will be applied.
Investment from 100.00 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 13 %
- Investing from 1 000.00 € - fixed interest 13.25 %
- Investing from 3 000.00 € - fixed interest 13.5 %
- Investing from 6 000.00 € - fixed interest 13.75 %
- Investing from 10 000.00 € - fixed interest 14 %
- Investing from 15 000.00 € - fixed interest 14.25 %
- Investing from 20 000.00 € - fixed interest 14.5 %
- Investing from 25 000.00 € - 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
12 mo.
Minimum loan period
6 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2022-05-17
Estimated loan repayment date:*
2023-05-05
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
16% - 16%
- Investors 43
- LTV 0%
- Risk group B (medium)
- Months 24
- Collateral Guarantees / surety
Lithuania
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.
Business loan #00337 (2 stage)
Raised:
12 000 € Goal:
12 000 €
12 000 € Goal:
12 000 €
100%
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