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Real estate financing Žaibo St. 19A. (3 rooms) (1 stage)
Amount of funding
134 000 €
LTV
60%
Annual interest rate
13.00% - 14.50%
Total expected project return
14.08% - 15.70%
Loan period
13 mo.
Risk
C (higher)
Purpose of the loan
Bridge loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
165
Raised:
134 000 € Goal:
134 000 €
134 000 € Goal:
134 000 €
100.00%
| # | File name | File type | Actions |
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| 1 | Vertinimas.pdf |
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About the loan
Purpose of the loan
To increase the company's working capital
Amount of funding
134 000 €
LTV
60 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
13 mo.
Minimum loan period
6 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
Funding requires amount of € 188 160, which can be divided into stages.
The borrower sold Apartment premises no. 6. For that purpose, the funding amount is reduced to EUR 134,000.
The loan funds will be used for the furnishing of the remaining 10 apartments and the purchase of furniture.
The borrower will provide a deposit to pay 3 months of interest.
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 13 %
- Investing from 1 000.00 € - fixed interest 13.25 %
- Investing from 3 000.00 € - fixed interest 13.5 %
- Investing from 9 000.00 € - fixed interest 13.75 %
- Investing from 15 000.00 € - fixed interest 14 %
- Investing from 20 000.00 € - 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
13 mo.
Minimum loan period
6 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2022-12-28
Estimated loan repayment date:*
2024-02-20
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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