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Legemyrane Road 4, Moltustranda City, Norway (Stage 6)
Amount of funding
100 000 €
LTV
50%
Annual interest rate
12.00% - 13.25%
Total expected project return
57.00% - 62.93%
Loan period
57 mo.
Risk
C (higher)
Purpose of the loan
Business loan
Collateral
Real estate pledge
Country
Norway
Norway
Investors
144
Raised:
100 000 € Goal:
100 000 €
100 000 € Goal:
100 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | REvaluation L4AS-2020.12.28-Official Legemyrane 4, 6076 Moltustranda.pdf |
|
|
About the loan
Purpose of the loan
To increase the company's working capital
Amount of funding
100 000 €
LTV
50 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan repayment postponement
10
Loan period
57 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
The object of the loan is a real estate fishing complex owned by the company, which is used for the company's business activities in the fishing industry. All financing can be financed in stages, depending on the borrower's need, but not more than 50% of the LTV indicator.
Investment from 100.00 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 12 %
- Investing from 1 500.00 € - fixed interest 12.25 %
- Investing from 3 000.00 € - fixed interest 12.5 %
- Investing from 5 000.00 € - fixed interest 12.75 %
- Investing from 10 000.00 € - fixed interest 13 %
- Investing from 20 000.00 € - fixed interest 13.25 %
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
57 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Loan repayment postponement
10
Estimated start date of the loan:*
2021-08-24
Estimated loan repayment date:*
2026-04-30
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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