We are supervised by
Pramonės st. 8, Panevėžys, Lithuania (1 stage)
Amount of funding
250 000 €
LTV
55%
Annual interest rate
9.00% - 10.50%
Total expected project return
15.75% - 18.37%
Loan period
21 mo.
Risk
B (medium)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
358
Raised:
250 000 € Goal:
250 000 €
250 000 € Goal:
250 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | PN-21-575 vertinimo ataskaita.pdf |
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About the loan
Purpose of the loan
Real estate development
Amount of funding
250 000 €
LTV
55 %
Risk
B (medium)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan repayment postponement
3
Loan period
21 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
1) Company wants to expand its real estate portfolio - will acquire administrative premises, total space approx. 900 m2, production-storage premises, total space approx. 1080 m2 that are located in the same complex Pramonės st. 8, Panevezys, Lithuania and storage-production premises with space of 1000 m2 in UK.
2) Company will invest in current real estate that will be mortgaged to meet the needs of their clients - installation of LED lights, renovate roofs, lifting gates (6-8 units), electric installation upgrade.
Projected financing amount up to 650 000 EUR, divided into 3 stages: 1 stage - 250 000 EUR, 2 stage - 200 000 EUR, 3 stage - 200 000 EUR.
The loan can be refinanced in other financial institution, from income of real estate sales or from company's capital.
Investment from 100 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 9 %
- Investing from 500.00 € - fixed interest 9.25 %
- Investing from 1 000.00 € - fixed interest 9.5 %
- Investing from 2 000.00 € - fixed interest 9.75 %
- Investing from 3 000.00 € - fixed interest 10 %
- Investing from 5 000.00 € - fixed interest 10.25 %
- Investing from 10 000.00 € - fixed interest 10.5 %
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
21 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Loan repayment postponement
3
Estimated start date of the loan:*
2021-09-06
Estimated loan repayment date:*
2023-06-06
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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