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