We are supervised by
M.K. Ciurlionio st. 73, Druskininkai, Lithuania (2 stage)
Amount of funding
235 000 €
LTV
60%
Annual interest rate
11.50% - 13.50%
Total expected project return
26.83% - 31.50%
Loan period
28 mo.
Risk
C (higher)
Purpose of the loan
Refinancing
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
326
Raised:
235 000 € Goal:
235 000 €
235 000 € Goal:
235 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Druskininkai_M_K_Ciurlionio_g_73_ Turto Vertinimas. (2).pdf |
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| 2 | Trumpai apie mus.pdf |
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| 3 | utf-8''%C4%8Ciurlionio%20%20M%C5%ABzos%20Planas.pdf |
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| 4 | Statybos leidimas M.K Čiurlionio-2.pdf |
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About the loan
Purpose of the loan
Real estate development
Amount of funding
235 000 €
LTV
60 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan repayment postponement
11
Loan period
28 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
Purpose of the loan
Refinancing of the provided financing and further real estate address M. K. Čiurlionio 73, Druskininkai, Lithuania, for development. The loan will be repaid from the proceeds of the sale of the property under development or refinancing.
Funding requires an amount of € 696 000, which will be split into 3 - 4 stages.
About the project.
Investment project - Residential (apartment) commercial building in Druskininkai, M.K. Čiurlionio st. 73. The existing area of the building is 3538 m2, the area of the building after reconstruction is 4154 m2, residential premises 1894 m2, commercial premises 2260 m2.
"ČIURLIONIO MUZOS"
The vision is to give you a feeling of being surrounded by space and nature that you are independent of everyday worries, can indulge in dreams and the creation of plans for their realization.
Positioning the implementation of the vision:
- Accommodation in apartments is cheaper than in a separate private house, the feeling here is the same.
- The price difference between these properties can reach tens / hundred thousand euros (reserve investment
- to the buyer, or the fulfillment of a dream for loved ones).
- Range of amenities, wide price range.
- There will be no shortage of extensive integrated public and social spaces in the state-of-the-art recreational complex.
- The easiest way to define value: location, price and available amenities.
- The facilities in the recreational building are like a luxury property, offering many more amenities and
- attractive properties than the average, and above-average value apartment.
Project location
Druskininkai city center. The fresh Ratnyčia stream winds through the country, and in the immediate vicinity - both in winter and summer enchanting Dineika and Vijūnėlė parks. Just 10 minutes away - Druskininkai Old Town, Čiurlionis House museum and other facilities: shops, banks, restaurants, library - a few steps away.
More about the project (see Documents).
Investment from 100.00 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 11.5 %
- Investing from 500.00 € - fixed interest 11.75 %
- Investing from 1 000.00 € - fixed interest 12 %
- Investing from 3 000.00 € - fixed interest 12.25 %
- Investing from 5 000.00 € - fixed interest 12.5 %
- Investing from 7 500.00 € - fixed interest 12.75 %
- Investing from 10 000.00 € - fixed interest 13 %
- Investing from 15 000.00 € - fixed interest 13.25 %
- Investing from 20 000.00 € - fixed interest 13.5 %
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
28 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Loan repayment postponement
11
Estimated start date of the loan:*
2022-02-19
Estimated loan repayment date:*
2024-06-19
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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