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.
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
Legemyrane 4 AS Legal Entity, engaged in fishing business activity, reproducing and selling to Baltic states.
The company has an experienced manager who is well acquainted with his work and the specifics of fishing industry its distribution, and has been doing business in this industry for more than 5 years. The company's projected revenues for 2021 more than 4mln Eur with a projected Ebitda more than 0,6mln Eur.
Purpose of a business loan
Financing of this stage requires additional amount of 108 000 EUR (possible further stages of financing, but maximum possible LTV rate will not exceed 50%), which will be allocated to company business growing activities in fishing industry.
Loan collateral
Mortgage of the first line of existing real estate - Mortgage. The loan will be repaid from the sale of the company's assets, future profits or after refinancing the loan.
Investment risk: C (higher)
LTV: 15% (Maximum possible LTV rate 50%)
Pledged property: 9205 m2 size 5 buildings (unique number 60/36 and 60/425) with 2,27195 hectares 2 land plots (other, territory of industrial and storage facilities, unique number 60/36 and 60/425), address Legemyrane 4, 6076 Moltustranda, Norway.
Value of mortgaged property: 3 321 054 EUR (on the day the project financing is launched)
Interest:
• When investing from 100 Eur - interest 11%
• When investing from 1 500 Eur - interest 11.25%
• When investing from 3 000 Eur - interest 11.5%
Loan term
25 months (with the possibility of repayment earlier, but not earlier than after a period of 4 months).
If the Borrower repays the Loan amount or part thereof earlier than 4 months after the due date of 25 months, it undertakes to pay interest to the Lender for a period of 4 months. After a period of 4 months, the Borrower may repay the loan (together with the applicable interest) without any additional fees.
Company loan repayment period
Estimated start date of the loan: 2021 05 10
Expected repayment date of the loan: 2023 01 01 - 2023 02 01
Risk of currency fluctuations
In the property valuation report, we present the value of the property to be exchanged in kroner. The company operates in Norway and receives pajamas in the country's currency - kroner. There is a risk of exchange rate fluctuations.
SWOT analysis of the project beneficiary:
Stenghts - First lien on existing real estate - Mortgage.
Weaknesses - Project is evolving, borrowers company is new.
Opportunities - The borrower's expected average annual interest rate payable is 11 - 11.5%.
Threats - Uncertain economic situation.
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.
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
Purpose of a business loan
Financing of this stage requires additional amount of 108 000 EUR (possible further stages of financing, but maximum possible LTV rate will not exceed 50%), which will be allocated to company business growing activities in fishing industry.
Loan collateral
Mortgage of the first line of existing real estate - Mortgage. The loan will be repaid from the sale of the company's assets, future profits or after refinancing the loan.
Investment risk: C (higher)
LTV: 15% (Maximum possible LTV rate 50%)
Pledged property: 9205 m2 size 5 buildings (unique number 60/36 and 60/425) with 2,27195 hectares 2 land plots (other, territory of industrial and storage facilities, unique number 60/36 and 60/425), address Legemyrane 4, 6076 Moltustranda, Norway.
Value of mortgaged property: 3 321 054 EUR (on the day the project financing is launched)
Interest:
• When investing from 100 Eur - interest 11%
• When investing from 1 500 Eur - interest 11.25%
• When investing from 3 000 Eur - interest 11.5%
Loan term
25 months (with the possibility of repayment earlier, but not earlier than after a period of 4 months).
If the Borrower repays the Loan amount or part thereof earlier than 4 months after the due date of 25 months, it undertakes to pay interest to the Lender for a period of 4 months. After a period of 4 months, the Borrower may repay the loan (together with the applicable interest) without any additional fees.
Company loan repayment period
Estimated start date of the loan: 2021 05 10
Expected repayment date of the loan: 2023 01 01 - 2023 02 01
Risk of currency fluctuations
In the property valuation report, we present the value of the property to be exchanged in kroner. The company operates in Norway and receives pajamas in the country's currency - kroner. There is a risk of exchange rate fluctuations.
Legemyrane 4 AS Legal Entity, engaged in fishing business activity, reproducing and selling to Baltic states.
The company has an experienced manager who is well acquainted with his work and the specifics of fishing industry its distribution, and has been doing business in this industry for more than 5 years. The company's projected revenues for 2021 more than 4mln Eur with a projected Ebitda more than 0,6mln Eur.
SWOT analysis of the project beneficiary:
Stenghts - First lien on existing real estate - Mortgage.
Weaknesses - Project is evolving, borrowers company is new.
Opportunities - The borrower's expected average annual interest rate payable is 11 - 11.5%.
Threats - Uncertain economic situation.
Project title | Interest | Investment size | Price | Bonus/ discount | Offer valid until |
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