Kalvarijų g.143, Šnipiškių seniūnija, Vilnius

 Refinancing
Vilnius,
Lithuania
11%
Annual yield
40%
LTV
Term: 12 months
Mortgage rank:
First
Interest payment schedule:
Monthly
Interest payments
30.07.2019
Paid
29.08.2019
Paid
25.09.2019
Paid
25.10.2019
Paid
04.12.2019
Paid
20.12.2019
Paid
22.01.2020
Paid
10.03.2020
Paid
03.04.2020
Paid
28.04.2020
Paid
28.05.2020
Paid
29.06.2020
Late

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Descripton

KEY FACTS:

  • 211,16 m2 commercial building (other purposes: production facilities)
     
  • The real estate of the loan is used for the company's activities, which requires refinancing of the existing loan.
     
  • The loan amount is 50,000 EUR (fifty thousand euros).
     
  • Loan term: 12 months.
     
  • The annual return on loan investment is 11%. 
  • LTV - 40%

 

The real estate of the loan is used for the activity of the company, fully equipped premises located at Kalvarijų str. 143, Šnipiškės eldership, Vilnius, which needs funding for refinancing the existing loan.

In order to meet the need for funding, the Sponsor inserts the non-incorporated property held at Kalvarijų str. 143, Šnipiškės eldership, Vilnius.

Loan-pledged property is a fully-equipped property owned by the right of ownership with a value of EUR 126,000 (one hundred and twenty-six thousand euros). The complete valuation of the assets will be placed in the system until the 28th of December, when the value of the property will be no less than 126 000 EUR (one hundred and twenty six thousand euros). Premises are rented out.

 

Project originated by:

Collateral

  • Value of existing real estate (211.16 m2 of industrial premises) based on the certificate: 126,000 Eur
  • Loan maturity: 12 months (with the option to repay earlier, but not earlier than 4 months)
  • Annual project interest 11%. Investing from 20,000 EUR - Return on Investment 12%
  • Loan to value: 40%

Loan collateral
First rank Real Estate Mortgage - Mortgage.
The value of the property is 126 000 EUR (based on the attached attachment. Property valuation is currently under preparation.)

Company loan repayment period

Loan Start Date: 28 September 2019

Expected loan repayment date: 2020 04 28 - 2020 06 28

_

Project developer - JSC "Kagema", whose owners and shareholders administer the existing real estate of the company. The company's activities currently include supervised real estate, its rental, operation and administration.

The Company's shareholders own and rent their property, also manage and administer other assets located nearby, in this territory, Kalvarijų str.143, Vilnius.

Documentation

11%
Annual yield
40%
LTV
Term: 12 months
Mortgage rank:
First
Interest payment schedule:
Monthly
Interest payments
30.07.2019
Paid
29.08.2019
Paid
25.09.2019
Paid
25.10.2019
Paid
04.12.2019
Paid
20.12.2019
Paid
22.01.2020
Paid
10.03.2020
Paid
03.04.2020
Paid
28.04.2020
Paid
28.05.2020
Paid
29.06.2020
Late
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