We are supervised by
Mesiheina tee 6, Pärnu city, Estonia
Amount of funding
315 000 €
LTV
65%
Annual interest rate
11.00% - 12.00%
Total expected project return
12.83% - 14.00%
Loan period
14 mo.
Risk
B (medium)
Purpose of the loan
Bridge loan
Collateral
Real estate pledge
Country
Estonia
Estonia
Investors
463
Raised:
315 000 € Goal:
315 000 €
315 000 € Goal:
315 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Mesiheina tee 6-22, Papsaare küla _3__0.pdf |
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| 2 | Mesiheina tee 6-25, Papsaare küla.pdf |
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| 3 | Mesiheina tee 6-28, Papsaare küla.pdf |
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| 4 | Mesiheina tee 6-26, Papsaare küla.pdf |
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About the loan
Purpose of the loan
To increase the company's working capital
Amount of funding
315 000 €
LTV
65 %
Risk
B (medium)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
14 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Mortgage rank
First order mortgage
Funding requires an amount of € 315 000, and the funds raised for funding will be used to meet contractual obligations on the current creditor, as well as for increasing company capital. This decision will give the borrower time to sell the assets under current market price, meet existing obligations and complete preparations for the sale of the assets.
Investment from 100.00 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 11 %
- Investing from 1 000.00 € - fixed interest 11.25 %
- Investing from 3 000.00 € - fixed interest 11.5 %
- Investing from 9 000.00 € - fixed interest 11.75 %
- Investing from 15 000.00 € - fixed interest 12 %
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
14 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2021-09-22
Estimated loan repayment date:*
2022-11-22
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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