Premises conversion, A. Vivulskio st.
Development loan
Project listed: 27.07.2020
Vilnius,
Lithuania
Lithuania
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Descripton
| 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. | |||
| 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 |
|---|---|---|---|
| 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 |
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