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S. Nėries str. 31C-54, Vilkaviškis, Lithuania
Amount of funding
26 040 €
LTV
60%
Annual interest rate
15.00%
Total expected project return
30.00%
Loan period
24 mo.
Risk
C (higher)
Purpose of the loan
Refinancing
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
6
Raised:
755 € Goal:
26 040 €
755 € Goal:
26 040 €
2.90%
How much will I earn if I invest:
Investment size
100.00 €
25 285.00 €
15%
With this project in one month I will earn
€
After 12 months I will earn
€
After 24 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 | Nuostatai_Bernelis_EŽ LT.pdf |
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| 2 | Vertinimo ataskaita.pdf |
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| 3 | PIID.pdf |
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About the loan
Purpose of the loan
Loan refinancing
Amount of funding
26 040 €
LTV
60 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
24 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
Amount allocated by project owner
17 360.00 €
Objective of the loan
The amount of EUR 26 040 is required for the financing, which is being raised in a single round. The loan will be used to refinance the borrower's existing loan with another financial institution. The loan will be repaid by refinancing with another financial institution either from the company's activities or from the proceeds of the sale of real estate. The amount to be contributed by the project owner to the project is EUR 17 360.
About the asset
The mortgaged asset is an apartment with a basement located in a multi-apartment residential building in Vilkaviškis, S.Nėries g. 31C-54. The purpose of the property is residential (apartments). Unique number of the immovable object - 3997-7003-0014:0041. The apartment has a total and usable area of 36.96 sq. m, living area - about 21.50 sq. m. The apartment is located in a 5-storey building, on the fifth floor (according to the register), the year of completion of the construction - 1977.
The apartment is equipped with all the main engineering communications: central heating from the city network, municipal water supply and sewage, natural gas, gas stove. The apartment has a basement, which increases the functionality of the property. The physical condition of the apartment is assessed as average according to the features found during the inspection and the information provided in the documentation.
Notwithstanding this, the heating is centralised, the utilities are functioning and the quality and safety of the environment is assessed as good. Taking into account the legal purpose, physical characteristics, location and market conditions, the best and most efficient use of the mortgaged property is for its current purpose, i.e. as a residential apartment. Alternative uses are not rational due to the type of building, planning and legal regulations.
The subject property is located in a quiet, urbanised residential area in the northern part of the town of Vilkaviškis. The surrounding area is dominated by low- and medium-rise apartment buildings, car parks, greenery and pedestrian walkways. The street is neat, asphalted, lit, with easy access on foot and by car. In the immediate vicinity there are buildings for various purposes, such as residential houses, shops and educational institutions. The location is well connected to the city centre and other parts of the city, the centre of Vilkaviskis is about 1,2 km away (~3 min. by car or ~15 min. on foot). The area is green and quiet, with recreation areas, children's playgrounds and sidewalks nearby. The area is free of noisy industry or sources of pollution. The proximity to the centre, the good infrastructure and the green spaces lead to a high quality living environment and a stable property value. The location of the property is assessed as good.
The property is attractive due to its proximity to the city centre, its well-developed infrastructure, its compact size and its marketability. It is a standard, easily maintained apartment, suitable for both permanent living and renting. The attractiveness is somewhat diminished by the older construction and lower energy efficiency, but this is compensated by the location and the demand in the area. The liquidity of the mortgaged property is assessed as medium.
The mortgaged property is a functional, marketable residential apartment in a good location in Vilkaviskis. Taking into account its physical characteristics, surroundings, use and demand, the property is considered to be a sufficiently attractive and moderately liquid collateral.
More about the property (see Documents).
Investment from 50.00 €.
Interest
Annual interest rate
- Investing from 50.00 € - 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
24 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2025-12-30
Estimated loan repayment date:*
2027-12-30
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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