We are supervised by
Melkio st. 9, Vilnius, Lithuania (3 stage)
Amount of funding
80 000 €
LTV
45%
Annual interest rate
12.00% - 13.00%
Total expected project return
11.00% - 11.91%
Loan period
11 mo.
Risk
B (medium)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
222
Raised:
80 000 € Goal:
80 000 €
80 000 € Goal:
80 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Projektiniai pasiūlymai.pdf |
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| 2 | Vertinimo ataskaita Vilnius, Melkio g. 9.pdf |
|
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| 3 | Projektinių pasiūlymų viešinimas.pdf |
|
About the loan
Purpose of the loan
Real estate development
Amount of funding
80 000 €
LTV
45 %
Risk
B (medium)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
11 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
Purpose of the loan
An amount of EUR 350,000 is required for financing, which is collected in three stages. The loan funds will be used for real estate, i.e. of four, 4-storey, multi-apartment buildings with a garage (underground parking) Melkio st. 9, Vilnius, Lithuania for the development of a construction project. It is planned to design and obtain a construction permit document for the construction of four multi-apartment residential houses. The loan will be repaid by refinancing it in another financial institution or from the sale of assets and/or from the company's income. The amount that the project owner himself allocates to the project is EUR 550,000.
About the project
Four 4-story apartment buildings with a garage (underground parking) are being designed. 20 apartments are planned in three buildings, 5 apartments are planned for each floor, 24 apartments are planned in one building, 6 apartments per floor. A total of 84 apartments are expected to be built. In the underground floor, there are car storage spaces, perking lots, bicycle storage and technical facilities.
Each building consists of one volume of regular shape. The volume of the building was chosen taking into account the shadows cast by the light, which will enliven the facade as they fall from the projecting parts of the building. Decorative plaster of neutral colors (brown and white) is used for finishing the facades of the building. The materiality was chosen taking into account the prevailing materiality of building facades in the area.
Car storage is provided for the building designed on the plot in accordance with the applicable legislation - one parking space per apartment. A total of 84 parking spaces are provided on the plot. It is planned to store 40 cars in the underground parking lot, 44 cars in the open parking lot. In the underground parking, bicycle storage for seventeen bicycles is provided.
The planned buildings are expected to be heated with renewable energy sources, with underfloor heating with heat pumps in the house. Centralized water supply and domestic sewage treatment facilities are planned.
Structural solutions:
- Foundations - reinforced concrete drilled piles (specified according to geological soil research).
- Retaining structures - block masonry.
- Overlays - prefabricated reinforced concrete panels.
The plot could be attractive in the market, because the location of the land plot with an area of 0.9636 ha is favorable for the construction of multi-apartment residential houses (the plot has a set usage procedure, project solutions are prepared for the construction of this plot, the project has been publicized), it has good access, the current use of the plot is registered in the real estate register purpose corresponds to its best use.
More about the project (see Documents).
Investment from 100.00 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 12 %
- Investing from 1 000.00 € - fixed interest 12.25 %
- Investing from 5 000.00 € - fixed interest 12.5 %
- Investing from 10 000.00 € - fixed interest 12.75 %
- Investing from 15 000.00 € - fixed interest 13 %
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
11 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2023-11-03
Estimated loan repayment date:*
2024-09-14
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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Annual interest rate
13% - 14%
- Investors 138
- LTV 31%
- Risk group B (medium)
- Months 24
- Collateral Real estate pledge
Latvia
Fully invested
The status indicates that the necessary funds have been raised to finance the loan, but the transaction has not yet taken place and is currently in the process of fulfilling the loan disbursement conditions (mortgage etc). At this
stage, the interest does not count. Interest starts to run after the loan is paid to the debtor and the project
status changes to "Processing". By default, fulfillment takes 2-3 weeks.
Teatra str. 9, Jurmala, Latvia
Raised:
283 200 € Goal:
283 200 €
283 200 € Goal:
283 200 €
100%
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