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We are reglamented by
Rasų st. 39, Vilnius, Lithuania (1 stage)
Amount of funding
90 000 €
LTV
65%
Annual interest rate
14.00% - 15.00%
Total expected project return
14.00% - 15.00%
Loan period
12 mo.
Risk
C (higher)
Purpose of the loan
Refinancing
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
11
Raised:
1 500 € Goal:
90 000 €
1 500 € Goal:
90 000 €
1.67%
How much will I earn if I invest:
Investment size
100.00 €
88 500.00 €
14%
14.25%
14.5%
14.75%
15%
With this project in one month I will earn
€
After 12 months I will earn
€
* This calculator is exemplary and provides approximate results. Please note that the actual earnings may differ from the results provided by the calculator
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Įstatai UAB Loksodroma.pdf |
|
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| 2 | Turto vertinimo ataskaita.pdf |
|
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| 3 | PIID (1 etapas).pdf |
|
About the loan
Purpose of the loan
Loan refinancing
Amount of funding
90 000 €
LTV
65 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
12 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
Amount allocated by project owner
80 500.00 €
The purpose of the loan
The amount of EUR 149 500 is required for the financing, which is raised in several stages. The loan proceeds will be used to refinance an existing loan of the project owner with another financial institution. The borrower plans to repay the loan for this project before the due date from the proceeds of the sale of the collateral. It should be noted that the borrower has already concluded a preliminary contract for the sale and purchase of real estate for the project property and has received an advance payment thereunder. The purchase price set out in the contract is in line with the market value established by independent valuers. The amount that the project owner itself is committing to the project is EUR 80 500.
About the project
The property consists of two interconnected buildings on a part of the plot Rasų st. 39: a shop building (unique No. 1094-0315-0234) and a dispatching station building (unique No. 1094-0315-0223). Both buildings are single-storey, fully finished (100 % completion), built in 1989 and 1970 respectively.
The shop building has a total area of 87,02 m², a volume of 429 m³ and a built-up area of 104,64 m². The building is constructed on a concrete foundation, the load-bearing walls are made of blocks, the floor slabs are reinforced concrete slabs, the roof structure is flat and the covering is a bituminous adhesive rolled roof. The exterior finishes are plaster and paint, with metal doors and plastic double-glazed windows. Inside, the building has ceramic tiled floors, tiled or painted walls, painted ceilings, local central heating, electricity, communal water supply and sewage disposal.
The building has a total floor area of 71,51 m², a main floor area of 51,43 m², a volume of 296 m³, and a built-up area of 92,15 m². The building is also on a concrete foundation, with brick walls, reinforced concrete slabs for the slabs, a single-pitched roof, and asbestos-cement covering. Exterior finishes are plaster and paint, metal doors, plastic double-glazed windows. Inside there are concrete and tiled floors, painted or tiled walls, and cladding panels on the ceiling. The building is equipped with local central heating, electricity, communal water supply and sewage disposal; the condition is assessed as average.
These buildings functionally form an integrated commercial complex, which includes a fenced courtyard area with a driveway and a parking area suitable for unloading goods, parking of customers and employees. The configuration of the leasehold parts of the plot allows for the convenient operation of the existing buildings and, if necessary, the organisation of ancillary outdoor infrastructure (storage areas, aviaries, outdoor expositions, etc.).
According to the data of the Real Estate Register, the shop building is classified as a commercial building and the dispatching centre as a group of ancillary buildings with the use of other auxiliary facilities. The property generates rental income; this is why the main methodology for determining the market value was the income approach, which reflects the discounted value of rental cash flows. Comparative transactions were analysed with similar shops in Savanorių Ave., Vytenio Street and Kalvarijų Street.
The appraisers consider the best use of the property to be that which is feasible, legally permissible and financially sound. Taking into account the layout of the buildings, their physical characteristics, their engineering provision, their location in the Rasi district and the general outlook of the area, it was concluded that the existing commercial and ancillary uses meet the criteria for best use and that it is therefore not economically necessary to consider alternative use scenarios. The size and layout of the buildings make them particularly suitable for retail, service, administrative or logistics-dispatching functions, where both a separate office building (control room, administration) and a retail/service space for customers or activities are required.
The buildings use standard construction and finishing materials, have all major utilities and are located close to the city centre, with good access and a well-developed urban environment. The commercial space market in Vilnius is seen as active, with benchmark transaction prices indicating a stable range of buyer and tenant expectations. As a result, the mortgaged property falls into the segment of moderately attractive and sufficiently liquid small-area commercial properties: with a competitive but not oversupplied supply, a relatively short realisation period is expected for both sales and leases, especially when maintaining or improving the existing technical condition.
In summary, the property consists of two technically and functionally related, medium condition, fully equipped small commercial and ancillary buildings with all main utilities, located in a strategically attractive location in Vilnius city. According to the report, the property is rental income generating and has a market value of EUR 230 000 based on the income approach. Taking into account the location, the physical and legal characteristics, the market conditions and the current use, it is considered that the best use of the property is its current commercial and ancillary use, and that the mortgaged property is an attractive and sufficiently liquid asset from the point of view of credit institutions' collateral and from the point of view of potential investors.
For more information about the project (see Documents).
Investment from 50.00 €.
Interest
Annual interest rate
- Investing from 50.00 € - fixed interest 14 %
- Investing from 1 000.00 € - fixed interest 14.25 %
- Investing from 3 000.00 € - fixed interest 14.5 %
- Investing from 5 000.00 € - fixed interest 14.75 %
- Investing from 7 000.00 € - fixed interest 15 %
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
12 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2025-12-26
Estimated loan repayment date:*
2026-12-26
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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