The project description, and for this purpose the project will be funded in 2 stages:
During Stage 1, the amount of the loan will be EUR 205,000 (collected by March 26th)
During stage 2, the amount of the loan financed will be 85,000 Eur (funds to be collected if needed)
The object of the loan is residential premises - a residential apartment located in the Naujamiestis, which will be a mean of securing the necessary financing for the completion and sale of land development project.
The loan amount is 290 000 EUR (two hundred ninety thousand euros).
Loan term 24 months.
The annual return on investment is 10%. (When investing 20,000 Eur and more, + 1% interest)
Project investment return (full time) 20%.
Loan pledged property is a residential apartment with a market value of 590,000 EUR (five hundred and ninety thousand euros).
The loan-to-value ratio is 49%.
The loan interest is repaid every month starting from 2019. March.
The loan is repaid by selling the parcels of land under development, pledged assets, income from the enterprise or refinancing the loan before the end of the project.
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