Cottage, Bartu St.

 Refinancing
Vilnius,
Lithuania
9%
Annual yield
64%
LTV
Term: 12 months
Mortgage rank:
First
Interest payment schedule:
Quarterly

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Descripton

TypeInvestment purposeRequested amount to be fundedInvestment period*
LoanRefinancing114 800 €12 month
LTVTime remainingInvestment repayment form Frequency of payment of interest
64%6 daysAt the end of the periodOnce per quarter
Source of payment of interestAnnual interest rate
RE sales9-11%
*Note. If the real estate developer repays a part of the loan earlier, he has to pay an additional 1 month. interest on the amount repaid (however, the interest on that part will, in general, be paid for not less than three months but not more than the term of the loan).

 

The purpose of the project “Cottage, Bartų St.” is to refinance a previous loan and manage working capital flows.

Investors are mortgaged real estate - part of the land plot with a cottage on it. The cottage is almost fully equipped, in a two-room house, it already has a kitchen. The area of the mortgaged object is 155.62 sq. M. m, part of the land plot - 7.95 a. The planned sale price is 190 thousand. Eur.

Actual completion of the assets pledged to investors (according to the appraiser) 99%.

The mortgaged property is located in Buivydiškės village, near the pond. Good connection with the city of Vilnius, right next to the surrounding area. Nearby public transport stop, large supermarkets, kindergartens.

The developer plans to repay the loan from the proceeds of the sale of real estate.

We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.

 

Title of the projectAddress of the projectPurpose and area of the parcel of landYear of construction of the object of the project
Cottage, Bart? gBartu str. 29D-1, Buivydiskiu village, Vilnius district7,95 a2020
Area of the object (building)
155sq.m.

 

Number of floors in the object (building)
2

 

Realizable value, € (incl. VAT)190 000
Area of property on sale, sq.m.155,62
Selling price, EUR/sq.m (incl. VAT)1 225
Project originated by:

Documentation

9%
Annual yield
64%
LTV
Term: 12 months
Mortgage rank:
First
Interest payment schedule:
Quarterly
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