Premises conversion, A. Vivulskio st.

 Development loan
Project listed: 27.07.2020
Vilnius,
Lithuania
7.5%
Annual yield
70%
LTV
Term: 12 months
Mortgage rank:
First
Interest payment schedule:
Quarterly
Interest payments
10.11.2020
Pending

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Risk rating

CriteriaFrom -2 to 2
Property type0
LTV2
Loan Structure0
Pre-sales1
Experience1
License0
Macro-location0
Micro-location0
Purpose of the loan1
Investment length1
EBITDA Margin0
EvoEstate Risk rating is of an informative nature only and can not be considered investment advice.
Project rating
B
Originator rating
A-

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 projectNumber of the construction permit for the projectAddress of the projectYear of construction of the object of the project
Premises conversion, A. Vivulskio st.LSKR-01-180814-00093A. Vivulskio st. 6, Vilnius1940
Area of the object (building)
180sq.m.

 

Number of floors in the object (building)Duration of repair/constructionDescription of the site of the projectDescription of repair/construction (detailed)
47 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.

 

ObjectAddressUnique numberArea (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 assetUnique number of the pledged assetIndependent assessorValue of the pledged asset by independent assessment
A. Vivulskio st. 6, Vilnius4400-0852-5388:4638UAB "Capital vertinimas"113 000 €

 

TypeInvestment purposeRequested amount to be fundedInvestment period*
LoanDevelopment79 000 €12 month
LTVTime remainingInvestment repayment form Frequency of payment of interest
70%7 daysAt the end of the periodOnce per quarter
Source of payment of interestAnnual interest rate
RE sales income7,5%
*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.

 

TypeTitle of the companyCompany codeVAT payer’s code
Legal entityUAB „Šilko namai“304694895LT100011291017
Project originated by:

Documentation

7.5%
Annual yield
70%
LTV
Term: 12 months
Mortgage rank:
First
Interest payment schedule:
Quarterly
Interest payments
10.11.2020
Pending
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