Loan Object

The object of the loan is the existing premises in the newly formed six premises, the financing required for the final purchaser of the premises and the installation of the repair of the premises.

To meet the financing need, the Developer pledges real estate located at Savanorių Ave. 178F, Naujamiestis -Vilkpedė, Vilnius. The mortgaged property consists of 7 premises, which are formed into 10 new premises.

The total area of ​​the premises is 816,27 m2. After the repair work and the partitioning of the premises, the area of ​​the premises will not change. The premises to be installed are refurbished, small in size, making them more attractive and liquid in the market. There are not many small fully equipped premises in the border region.

Loan Terms

• Loan Amount: € 320,000
• Loan term: 14 months
• Minimum loan term: 6 months
• Value of the pledged property: € 555 000
• LTV (loan to value ratio): 58 percent.
• Project risk: C (riskier)
• Loan Protection: A first-line mortgage

Interest:

• Investing from 100 € - interest 11.5%
• Investing from € 5,000 - 12% interest
• Investing from € 10,000 - 12,5% interest
• Investing from € 25,000 - 13% interest

Security Information

• Address of the mortgaged property: Savanorių pr. 178F, Naujamiestis -Vilkpedė, Vilnius
• Property Type: Non-Residential Administrative Furnished - Partially from 7 Premises to Newly Built 10 Premises
• Value of the pledged property: € 555 000
• Documentation: Property Valuation Report.
• Reporting details: 13 February 2020
• Evaluator: UAB "Capital valuation"
• Mortgage: A first line mortgage

Project Developers

Loan

The financing will require € 320,000 to be used for the final redemption of the premises and the fitting-out of the premises.

Loan collateral

First row mortgages on existing real estate - Mortgage.

The loan will be repaid from the sale of the property being developed by the company, the current and future profits or by refinancing the loan.

Investment risk: C (riskier)

LTV: 58%

Mortgaged property: 816,27 m2 non-residential administrative premises, Savanorių pr. 178F, Vilnius.

Value of the mortgaged property: € 555 000

Interest:

• Investing from 100 € - interest 11.5%
• Investing from € 5,000 - 12% interest
• Investing from € 10,000 - 12,5% interest
• Investing from € 25,000 - 13% interest

The interest on the Loan Amount shall be calculated from and including the date of disbursement of the Loan Amount to the Borrower's Paysera account or to such other account (or accounts) as notified by the Borrower to the Operator in writing prior to the disbursement of the Loan Amount.

Loan term

14 months (with option to repay earlier but not earlier than 6 months).

If the Borrower repays the Loan Amount or part thereof less than 6 months after the due date of 14 months, the Borrower undertakes to pay interest to the Lender for a period of 6 months. After a period of 6 months, the Borrower may repay the Loan at no additional charge.

Company loan repayment period

Expected loan start date: 2020 03 03

Expected loan repayment date: 2020 12 28 - 2021 02 01