We are supervised by
Pramonės st. 8, Panevėžys, Lithuania (2 stage)
Amount of funding
150 000 €
LTV
55%
Annual interest rate
10.00% - 11.25%
Total expected project return
16.66% - 18.75%
Loan period
20 mo.
Risk
B (medium)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
195
Raised:
150 000 € Goal:
150 000 €
150 000 € Goal:
150 000 €
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
150 000 €
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
20 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
Need for funding
1) It is intended to supplement the existing real estate park - to acquire another 900 m2 of administrative real estate, production - storage premises with an area of 1080, address Pramonės str. .8, Panevėžys and production-storage premises in the United Kingdom, area up to 1000 m2.
2) It is intended to repair and improve the condition of the existing property - to install LED lighting. It is planned to renovate the roofs of the existing property with new coatings. Investments will also be made in industrial lift gates (6-8 pcs.) And electrical wiring upgrades where needed.
Planned financing up to 650 TEUR for 3 stages: 1st stage - 250 TEUR (already financed and desired acquired property in the same complex), 2 stages - 200 TEUR (funds will be used for installation, arrangement and infrastructure of purchased property), 3 stages - 200 TEUR .
The loan will be repaid by refinancing in another financial institution, from the sale of assets or the income of the company.
Investment from 100.00 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 10 %
- Investing from 500.00 € - fixed interest 10.25 %
- Investing from 1 000.00 € - fixed interest 10.5 %
- Investing from 2 000.00 € - fixed interest 10.75 %
- Investing from 3 000.00 € - fixed interest 11 %
- Investing from 5 000.00 € - fixed interest 11.25 %
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
20 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:*
2021-10-08
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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Annual interest rate
16% - 16%
- Investors 43
- LTV 0%
- Risk group B (medium)
- Months 24
- Collateral Guarantees / surety
Lithuania
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.
Business loan #00337 (2 stage)
Raised:
12 000 € Goal:
12 000 €
12 000 € Goal:
12 000 €
100%
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