Project updates

Risk Rating

Criteria	From a+ to d	Project rating
Macro Location Analysis Financial Cost Loan To value Purpose of the loan Development's licence Borrower's experience Presales Guarantees	C+CB+B+A+A+D-A+	B Originator rating A- EvoEstate Risk rating is of an informative nature only & can not be considered investment advice.

Criteria

From a+ to d

Project rating

Macro Location Analysis

Financial Cost

Loan To value

Purpose of the loan

Development's licence

Borrower's experience

Presales

Guarantees

C+CB+B+A+A+D-A+

Originator rating

A-

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

Descripton

Title of the project	Address of the project
Loan for the development of the real estate project "Vanagupe slenis". The company intends to develop a 30 apartment project in Palanga. Investors pledged a fully equipped, 98.75 sq. m. m area, residential house with a plot of land, address Kulmo str. 18, Vilnius. Additional pledge of 10.01 a land plot, Gineitiskiu st. 25, Vilnius. For all investors, the property will be pledged as a primary mortgage. Project funds will be allocated for the development of the Vanagupe Valley project. During the project, a building will be reconstructed, which is located in the northern part of Palanga, right next to a pine forest, just 300 meters to the sea. Surrounded by well-developed infrastructure, bicycle and hiking trails. There are complexes providing quality accommodation and spa services in the neighborhood. After the renovation and construction of the annex and superstructure, it is planned to form and install a total of 30 apartments. 26 apartments with a sale price of 2,200 euros per square meter will be formed in the existing building. Another 4 apartments will be formed on the superstructure, with an estimated sale price of EUR 3,000 per square meter. The planned sales revenue of the whole project is 2.8 million. euros. The developer has experience in the implementation of this type of projects: projects in Vilnius, A. Gostauto st. 12 (~ 800 sq.m.) and D?m? str. 3 (~ 1500 sq.m.), where the condition of the premises was improved by redesigning and installing the property. These objects have been successfully developed and sold. Photos of the mortgaged property are provided. We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days. without raising funds.
Namas Kulmo g.	Vanagupes st. 13A

Description of the site of the project
The project “Vanagupes slenis” is being developed in the northern part of Palanga city. Next to the pine forest, only 300 meters to the sea.

For all investors, real estate is mortgaged with a primary mortgage.

Investors pledged a fully equipped, 98.75 sq. m. area, residential house with a plot of land, address Kulmo str. 18, Vilnius. Additional pledge of 10.01 a land plot, Gineitiški? str. 25, Vilnius. For all investors, the property will be pledged as a primary mortgage.

Object	Address	Unique number	Area
Land plot	Gineitiskiu st. 25, Vilnius	4400-3016-8364	0.1001 ha.
Building - One-room residential house	Kulmo st. 18, Vilnius	4400-4541-2562	98.75 sq. m.
Land plot	Kulmo st. 18, Vilnius	4400-3994-2202	0.0801 ha

Address of the pledged asset	Unique number of the pledged asset	Independent assessor	Value of the pledged asset by independent assessment
Kulmo st. 18, Vilnius Gineitiskiu st. 25, Vilnius	4400-4541-2562; 4400-3016-8364	UAB "Verslavita"	200 000 €

Type	Investment purpose	Requested amount to be funded	Investment period*
Loan	Development	140 000 €	18 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	8%
*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 "Verslo startas"	303286855	LT100010650012

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Documents

Payment schedule

Date	Late	Assignment date
20.03.2021	No	-
20.06.2021	No	-
20.09.2021	No	-
20.12.2021	No	-
20.03.2022	No	-
20.06.2022	No	-