We are supervised by
Valberggrenda str. 11, Sandefjord village, Norway
Amount of funding
625 000 €
LTV
50%
Annual interest rate
13.00% - 14.50%
Total expected project return
12.99% - 14.49%
Loan period
12 mo.
Risk
C (higher)
Purpose of the loan
Loan for acquisition
Collateral
Real estate pledge
Country
Norway
Norway
Investors
217
Raised:
625 000 € Goal:
625 000 €
625 000 € Goal:
625 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | PropertyvaluationEiendom.pdf |
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About the loan
Purpose of the loan
Real estate development
Amount of funding
625 000 €
LTV
50 %
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
Mortgage rank
First order mortgage
Project for the acquisition of a land plot and the separation and formation of residential plots in separate new units, address Valberggrenda str. 11, Sandefjord city, Norway, plot area 175 ares.
The loan will be repaid by selling the property under development or refinancing at another financial institution.
Investment from 100.00 €.
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 6 000.00 € - fixed interest 13.75 %
- Investing from 12 000.00 € - fixed interest 14 %
- Investing from 20 000.00 € - fixed interest 14.25 %
- Investing from 30 000.00 € - 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
12 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2021-09-06
Estimated loan repayment date:*
2022-09-06
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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Annual interest rate
16% - 16%
- Investors 43
- LTV 0%
- Risk group B (medium)
- Months 24
- Collateral Guarantees / surety
Lithuania
Fully invested
The status indicates that the necessary funds have been raised to finance the loan, but the transaction has not yet taken place and is currently in the process of fulfilling the loan disbursement conditions (mortgage etc). At this
stage, the interest does not count. Interest starts to run after the loan is paid to the debtor and the project
status changes to "Processing". By default, fulfillment takes 2-3 weeks.
Business loan #00337 (2 stage)
Raised:
12 000 € Goal:
12 000 €
12 000 € Goal:
12 000 €
100%
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