We are supervised by
Medvalakio st. 27, Palanga, Lithuania
Amount of funding
40 200 €
LTV
60%
Annual interest rate
14.00% - 15.00%
Total expected project return
14.00% - 15.00%
Loan period
12 mo.
Risk
C (higher)
Purpose of the loan
Loan for acquisition
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
75
Raised:
40 200 € Goal:
40 200 €
40 200 € Goal:
40 200 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Nuostatai MB Turtovė.pdf |
|
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| 2 | Vertinimo ataskaita.pdf |
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| 3 | PIID.pdf |
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About the loan
Purpose of the loan
Real estate development
Amount of funding
40 200 €
LTV
60 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
12 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
Amount allocated by project owner
26 800.00 €
Purpose of the loan
Funding requires an amount of EUR 40,200, which is collected in one stage. The loan funds will be used for the purchase of real estate and the installation of full decoration. The loan will be repaid by refinancing it in another financial institution or from the company's rental and real estate sale incomes. The amount that the project owner allocates to the project himself is EUR 26,800.
About the project
A property is being purchased that is designed and equipped as holiday apartments with a sanitary unit and a kitchen area. According to the evaluators, the use of the property for recreational purposes is the maximum and best use of this facility. The property to be purchased (and pledged) consists of three property objects, i.e. part of the plot of land, non-residential premises - a warehouse and part of another non-residential premises - a warehouse, whose address is Medvalakio st. 27 / 27K5-1 / 27K5-14, Palanga, Lithuania. For a detailed description, see in the section "Loan security".
The plot of land, part of which is mortgaged, has an area of 0.5993 ha. Main purpose of land plot: other, type of use: recreational areas. The land plot was formed by carrying out cadastral measurements. The shape of the plot: close to a rectangular trapezoid, the terrain is relatively flat, built with buildings, maintenance has begun (pavers are being laid, the road is being formed).
Communications on the plot: city water supply, city sewerage, electricity networks, city central heating. The plot is bordered by other built-up plots and the street.
The building in which the mortgaged objects are located was built in 1985 and reconstructed in 2024. Main constructions of the building: foundations - reinforced concrete; walls - block masonry; partitions - block masonry; overlay - reinforced concrete; the roof is flat, covered with corrugated iron. The facade of the building is insulated, the decoration is decorative plaster. The registered completion of the building is 100 percent.
The exchangeable part of the warehouse is located on the mezzanine of the first floor. The main purpose of use of the item is storage. The total area of the premises is 32.33 square meters. m; pledged part - 14.74 sq. m. This part of the warehouse has separate access to the premises, it consists of two rooms.
The warehouse to be pledged is located on the first floor. The main purpose of use of the item is storage. The total area of the premises is 26.20 square meters. m. The storage room consists of three rooms.
in 2024 cadastral measurements of the premises have been carried out, the premises are 100% registered. the completion of which did not correspond to the current condition at the time of the assessment inspection, i.e. the premises are unfurnished, the finishing condition is partially finished: the floor in the rooms is a concrete layer; walls - blocks; ceiling - covering panels; San. in the node, the floor is a layer of concrete; walls - blocks; ceiling - covering panels; windows - plastic frames with glass units; the entrance door is metal, there is no interior door.
More about the project (see Documents).
Investment from 50.00 €.
Interest
Annual interest rate
- Investing from 50.00 € - fixed interest 14 %
- Investing from 1 000.00 € - fixed interest 14.25 %
- Investing from 3 000.00 € - fixed interest 14.5 %
- Investing from 5 000.00 € - fixed interest 14.75 %
- Investing from 7 000.00 € - fixed interest 15 %
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
12 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2024-09-11
Estimated loan repayment date:*
2025-09-11
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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