We are supervised by
We are reglamented by
Lauko st. 12-23, Nemenčinė, Vilniaus d. mun., Lithuania
Amount of funding
64 350 €
LTV
65%
Annual interest rate
14.00% - 15.00%
Total expected project return
14.00% - 15.00%
Loan period
12 mo.
Risk
C (higher)
Purpose of the loan
Loan for acquisition
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
43
Raised:
64 350 € Goal:
64 350 €
64 350 € Goal:
64 350 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Įstatai.pdf |
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| 2 | Vertinimo ataskaita.pdf |
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| 3 | Patalpų išrašas iš NTR.pdf |
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| 4 | Patalpų planas.pdf |
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| 5 | PIID.pdf |
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About the loan
Purpose of the loan
Acquisition of real estate
Amount of funding
64 350 €
LTV
65 %
Risk
C (higher)
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
29 700.00 €
Objective of the loan
The amount of €64,350 is required for the financing, which is being raised in a single round. The loan proceeds will be used for the acquisition of immovable property, i.e. a non-residential premises - a shop with the address Lauko st. 12-23, Nemenčinė, Vilniaus d. mun., Lithuania, with a total area of 55,01 sq.m., the main use of which is retail, currently rented and operated by the borrower. The loan will be repaid out of the company's operating income or by refinancing it with another financial institution. The amount that the project owner is committing to this project is EUR 29 700.
About the project
The project is for the purchase of a commercial premises located in the central street of Nemenčinė with a separate access to the premises from the street. The premises have undergone simple renovation in 2016. The premises and the building in which the premises are located are registered in the real estate register as 100% complete. The premises are located on the ground floor of a five-storey building. It is used for its intended purpose. The best use of the premises (taking into account the location of the property, the individual characteristics of the property, market conditions, alternative uses and other factors) is for retail use.
Constructive solutions:
- Foundations: reinforced concrete.
- Walls: masonry, reinforced concrete, uninsulated.
- Slabs: reinforced concrete.
- Roof construction: reinforced concrete.
- Roof covering: adhesive.
Engineering solutions:
- Heating: central heating from centralised systems.
- Water supply: urban.
- Sewerage: urban.
- Gas: none.
- Ventilation, air-conditioning: self-contained. Available.
Decoration of premises:
- Walls: painted.
- Ceilings: painted.
- Floors: tiles.
- Doors: plastic, internal wood.
- Windows: plastic, double-glazed.
Examiners' conclusions on the condition of the premises and the building - good condition.
For more information on the project (see Documents).
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 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
12 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2025-04-11
Estimated loan repayment date:*
2026-04-11
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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