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Sedos st. 23 - 9, Telšiai, Lithuania (1 stage)
Amount of funding
5 100 €
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
33
Raised:
5 100 € Goal:
5 100 €
5 100 € Goal:
5 100 €
100.00%
| # | File name | File type | Actions |
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| 1 | MB Lobyna LT nuostatai.pdf |
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| 2 | Turto vertinimo ataskaita.pdf |
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| 3 | PIID (1 etapas).pdf |
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About the loan
Purpose of the loan
Loan refinancing
Amount of funding
5 100 €
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
28 000.00 €
Objective of the loan
The amount of EUR 52 000 is required for the financing, which is being raised in few rounds. The loan will be used to refinance the borrower's existing loan with another financial institution and to finance the interior renovation of the apartment. The loan will be repaid by refinancing with another financial institution or from the company's activities or from the proceeds of the sale of the property. The amount to be contributed by the project owner himself is EUR 28 000.
About the property
The property is a four-room apartment (unique no. 7897-3007-8016:0002), it consists of a flat of 71.75 m2, on the fourth floor of a five-storey brick apartment block, built around 1973 and currently undergoing renovation (insulation of the walls, renovation of the façade, balconies, roof, plinth). The building has central heating and water supply, urban sewerage, gas inlet, plastic windows, armoured doors. The apartment has four rooms, comfortable layout, in average-good condition, well maintained. Glassed-in balcony. The renovation is expected to improve energy efficiency, reduce heating costs and improve the aesthetic appearance of the building.
The apartment is located on the fourth floor and is internal, which means it has good thermal insulation. The apartment has 4 rooms, a kitchen, a bathroom, a toilet, a corridor and a glazed balcony. Interior finishes: painted walls, some with wallpaper, ceramic tile in the kitchen; flooring: laminate flooring and tiles (kitchen and bathroom); painted ceilings; doors: wooden, entrance door: armored; windows: plastic, double glazed.
According to the analysis of the maximum and the best use of the property, the property is most suitable for its current use as a residential flat. Alternative or development uses are not appropriate.
The property is considered by the assessors to be liquid due to its good accessibility, the urban infrastructure, the building under renovation and the average price level in the area. Potential buyers of such properties are families or young couples looking for a home in Telšiai with good infrastructure and easy accessibility.
Conclusion: The mortgaged property is in a clean, moderate to good condition, suitable for permanent residence, attractive on the market due to its renovation, location and well-developed infrastructure. The best and most efficient use of the property is to maintain its residential use.
More about the property (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:*
2025-12-05
Estimated loan repayment date:*
2026-12-05
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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