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Mindaugo st. 16-10, Vilnius, Lithuania (2 stage)
Amount of funding
63 900 €
LTV
70%
Annual interest rate
13.00% - 14.50%
Total expected project return
25.99% - 28.99%
Loan period
24 mo.
Risk
B (medium)
Purpose of the loan
Investment loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
127
Raised:
63 900 € Goal:
63 900 €
63 900 € Goal:
63 900 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Nuostatai MB Dives vitae.pdf |
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| 2 | Vertinimo ataskaita.pdf |
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| 3 | PIID (2 etapas).pdf |
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About the loan
Purpose of the loan
Investment loan
Amount of funding
63 900 €
LTV
70 %
Risk
B (medium)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
24 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
Amount allocated by project owner
145 200.00 €
Purpose of the loan
The amount of EUR 338,800 is required for financing, which is collected in two stages. The borrower is engaged in debt management solutions and management of debt portfolios of financial institutions. The loan funds will be partially used to refinance an existing loan in another credit institution, partially - to purchase a new debt portfolio from a financial institution. The loan will be repaid by refinancing it in another financial institution or from the proceeds of the company's activities and the sale of real estate. The amount that the project owner allocates to the project himself is EUR 145,200.
About property
The property consists of an apartment and two parts of a parking lot (see the Loan Protection Security section for a description of the property). The building was built in 1998, repair/reconstruction works were completed in 2020. Building and apartment completion - 100%.
- Construction description: foundations - reinforced concrete; walls - monolithic reinforced concrete / masonry; overlays - reinforced concrete; roof structure - wood, metal structures; roof covering - metal.
- Engineering equipment: heating - local, central heating (gas boiler); water supply - city; sewage - city; gas - there is; ventilation, conditioning - self-contained.
- Finishing: walls - plastered, painted; ceiling - plastered, painted, covered with wood panels; floor - parquet boards, stone mass tiles; door: armored (entrance), interior veneered; windows - plastic, with glass units.
According to appraisers, the first and best way of using the mortgaged property (taking into account the location of the property, individual characteristics of the property, market conditions, alternative use of the property and other factors) is the existing one, i.e. for residential purposes.
More about the property (see Documents).
Investment from 50.00 €.
Interest
Annual interest rate
- Investing from 50.00 € - fixed interest 13 %
- Investing from 1 000.00 € - fixed interest 13.25 %
- Investing from 3 000.00 € - fixed interest 13.5 %
- Investing from 5 000.00 € - fixed interest 13.75 %
- Investing from 7 000.00 € - fixed interest 14 %
- Investing from 10 000.00 € - fixed interest 14.25 %
- Investing from 15 000.00 € - fixed interest 14.5 %
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
24 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2024-11-12
Estimated loan repayment date:*
2026-11-05
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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Raised:
50 000 € Goal:
50 000 €
50 000 € Goal:
50 000 €
100%
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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.
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