Premises conversion, A. Vivulskio st.

Development loan

Project listed: 27.07.2020

Vilnius,
Lithuania

EvoEstate Risk rating is of an informative nature only and can not be considered investment advice.

Project rating

Originator rating

A-

Title of the project	Number of the construction permit for the project	Address of the project	Year of construction of the object of the project
The purpose of the loan is acquisition of the premises located at A. Vivulskio str. 6, Vilnius. The premises to be purchased are 180.41 sq.m, on the fifth floor. The registered completion of the acquired premises is currently 100%, the year of construction is 1940. Premises at Vivulskio st. will be mortgaged to protect the interests of investors: • 180,41 sq.m premises, A. Vivulskio st. 6, that will be converted into 5 apartments. • The premises already have a permit for major repairs to the building. Repair work started on the premises. Premises are in a quiet place, just a few minutes to the Old Town. Around the developed infrastructure - there are schools, kindergartens, shops, pharmacies, polyclinic. Investors will be pledged with a primary mortgage. We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.
Premises conversion, A. Vivulskio st.	LSKR-01-180814-00093	A. Vivulskio st. 6, Vilnius	1940
Area of the object (building)
180sq.m.

Number of floors in the object (building)	Duration of repair/construction	Description of the site of the project	Description of repair/construction (detailed)
4	7 months.	Naujamiestis is a part of Vilnius, located in the city center, bordering the Old Town in the east. In recent years, many new multi-apartment residential buildings have been built in Naujamiestis, old factories are being demolished or their purpose is being reconstructed, demolished and changed. Due to the developed infrastructure, convenient location - close to the city center.	180,41 sq.m premises, A. Vivulskio st. 6, that will be converted into 5 apartments.

Object

Address

Unique number

Area (sq. m)

Premises

A. Vivulskio st. 6, Vilnius

4400-0852-5388:4638

180,41

Real estate appraisal was performed on July 8th in 2020.

Address of the pledged asset	Unique number of the pledged asset	Independent assessor	Value of the pledged asset by independent assessment
A. Vivulskio st. 6, Vilnius	4400-0852-5388:4638	UAB "Capital vertinimas"	113 000 €

Type	Investment purpose	Requested amount to be funded	Investment period*
Loan	Development	79 000 €	12 month
LTV	Time remaining	Investment repayment form	Frequency of payment of interest
70%	7 days	At the end of the period	Once per quarter
Source of payment of interest	Annual interest rate
RE sales income	7,5%
*Note. The real estate developer can repay part or all of the loan earlier, but the co-paid interest must be at least for 3 months.

Type	Title of the company	Company code	VAT payer’s code
Legal entity	UAB „Šilko namai“	304694895	LT100011291017

Project originated by: