We are supervised by
Sergiškių st. 24 and 24A, Palanga, Lithuania (1 stage)
Amount of funding
150 000 €
LTV
65%
Annual interest rate
12.00% - 13.50%
Total expected project return
12.00% - 13.50%
Loan period
12 mo.
Risk
B (medium)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
0
Raised:
0 € Goal:
150 000 €
0 € Goal:
150 000 €
0.00%
How much will I earn if I invest:
Investment size
100.00 €
150 000.00 €
12%
12.25%
12.5%
12.75%
13%
13.5%
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 | Istatai.pdf |
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| 2 | Turto vertinimas Sregiškių g 24 1 dalis InReal.pdf |
|
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| 3 | Turto vertinimas Sregiškių g 24 2 dalis InReal.pdf |
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| 4 | NT Registras 44_2190820.pdf |
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| 5 | PIID.pdf |
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About the loan
Purpose of the loan
Real estate development
Amount of funding
150 000 €
LTV
65 %
Risk
B (medium)
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
280 000.00 €
Purpose of the loan
The amount of EUR 624,000 is required for financing, which will be collected in stages. The loan funds will be used for the real estate object, i.e. two-bedroom apartment 170.49 sq. m and 170.23 sq. m of the total area of unfinished residential houses located on Sergiškių st. 24 and 24A, Palanga, Lithuania, for construction and finishing works. The loan will be repaid by refinancing it in another financial institution or from the sale of assets and/or from the company's income. The amount that the project owner allocates to the project himself is EUR 280,000.
About the project
The project consists of a plot of land and two unfinished two-story residential houses with recreation rooms. Construction period 2021 - 2023.
Structural elements of buildings: foundations - reinforced concrete; walls - block masonry, exterior decoration - decorative tiles; overlay - reinforced concrete; roof - pitched, roof covering - metal; windows - plastic frames with glass units; the entrance door is plastic. On 10/31/2023, cadastral measurements of residential houses were carried out and 85% construction completion was registered, which corresponds to the current physical condition. The condition of the interior of the residential house is partially finished. The condition of the facade of the house is good. Partial finish: floor - concrete, plasterboard walls - plastered; ceiling - without decoration. In each building, two apartments are formed, common rooms are installed. Communications and engineering equipment: electricity. Municipal water supply and sewage disposal (inputs and outputs). The underfloor heating system is installed.
Residential houses with rest rooms are planned and built according to the requirements for residential (rest) houses. In the opinion of property appraisers, the use of the property according to its current purpose is the maximum and best use of the property and the alternative use is inappropriate.
The plot of land is 0.1000 ha (10 acres) in area. The purpose of use is different. The land plot was formed by carrying out cadastral measurements. The welfare of the plot is managed. The shape of the plot of land is close to a rectangle. The plot is not fenced, not planted, the yard is paved with concrete blocks. Communications - electricity, municipal water supply and sewage disposal.
More about the project (see Documents).
Investment from 50.00 €.
Interest
Annual interest rate
- Investing from 50.00 € - fixed interest 12 %
- Investing from 1 000.00 € - fixed interest 12.25 %
- Investing from 3 000.00 € - fixed interest 12.5 %
- Investing from 5 000.00 € - fixed interest 12.75 %
- Investing from 7 000.00 € - fixed interest 13 %
- Investing from 10 000.00 € - fixed interest 13.5 %
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
12 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2024-06-07
Estimated loan repayment date:*
2025-06-07
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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