Purpose of a business loan
Project requires funding of 100 000 € for the final project renovation and conversion of the building works.
Loan collateral
Mortgage of the first line of existing property - Mortgage. The loan will be repaid after the sale of all / part of the pledged property, from the sale of the company's development assets, current and future profits or after refinancing the loan.
Guarantee of the manager and shareholder.
Investment risk: A (low)
LTV: 34% (total 51 %)
Pledged property: Building, u.n. 4599-5000-4017 with an area of 767.55 m2 and 0.2044 ha of land, u.n. 4400-2669-6942, located at Dūkšto kelias 11, Karlų village, Visaginas, Lithuania.
Value of mortgaged property: 297 000 €
Interest:
Investing from 100 € - interest 10.25%
Investing from 500 € - interest 10.5%
Investing from 1 000 € - interest 10.75%
Investing from 2 500 € - interest 11%
Investing from 7 500 € - interest 11.25%
Investing from 15 000 € - interest 11.5%
Loan term
30 months (with the possibility of repayment earlier, but not earlier than after a period of 6 months).
If the Borrower repays the Loan amount or a part thereof earlier than 6 months after the due date of 30 months, it undertakes to pay interest to the Lender for a period of 6 months. After a period of 6 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 04 15
Expected repayment date of the loan: 2023 04 30 - 2022 05 31