Almirante street - Madrid capital

Madrid, Spain

1 100 000 €

Raised 1 100 000 €

8% Net annual
yield
60%LTV
24 Months

Listed: 2021-07-27

Type: Business loan

Mortgage rank: First

Interest payment schedule: Quarterly

Min. amount of investment - € 0

Project originated by:

Project updates

May 12, 2022

Update from the originator: The originator recently had a call in which the promoter informed the originator that he has a pending income to be received hopefully between this week and next week, which amounts to around 500.000 €. He also mentioned another payment he should be receiving the last week of May (between the 25th and the 30th of May) and that amounts to 370.000 €. As soon as he receives one of the payments he will transfer the corresponding amounts to pay the interests of the loan and its default interests as it is established in the loan contract.

Risk Rating

Project rating	Originator rating
A	A-
The risk scoring provided for this project has been assessed by the originator. The risk scoring is of informative nature only & can not be considered investment advice.

Detail Descripton

Granting of a loan for the acquisition of material for sale to an aeronautical industrial client with collateral guarantee on a prime asset in Madrid capital with a Loan To Value of 60%. The company requests financing for the acquisition of material for sale to an aeronautical industrial client. The collateral guarantee is an asset in the center of Madrid on Calle Almirante with a constructed area with common cadastral parts of 267 m2 and a proven constructed area of 199.42 m2. An asset appraisal has been carried out for the purpose of mortgage guarantee in accordance with Order ECO / 805/2003 of March 27 on real estate valuation standards and certain rights for certain financial purposes, the EHA / 3011/2007 and the EHA / 56/2008.

Guarantee

Constitution of a mortgage on assets in calle Almirante de Madrid capital with a Loan To Value of 60%

Promoter

Compañía Aeronáutica Española, SA, CIF A28171320, Calle Juan de Mena, 10, Bajo Izq 28014. Madrid (Madrid) Spain.

Compañía Aeronáutica Española, SA is a company created on April 1, 1966 that is dedicated to supplying the State, Companies or individuals, of all kinds of aeronautical and electronic material, as well as carrying out partial or complete installations of all kinds of aeronautical materials, electronic or similar.

LOAN AMORTIZATION

Although the total duration of the loan is 24 months, the developer can make a total repayment before month six from the beginning, although he will have to pay the interest corresponding to the full six months

If you make an early repayment after month six, it may be partial or total. If it is partial, it must be for an amount greater than € 50,000. Amortization after month six will only include the ordinary interest accrued to date.

Payment schedule

Date	Status	Late	Assignment date
05.12.2021	Paid	No	06 December 2021, 13:56
05.04.2022	Paid	No	14 June 2022, 21:23
05.08.2022	Paid	No	09 August 2022, 12:58
05.12.2022		No	-
05.04.2023		No	-
05.08.2023		No	-

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