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Macro Location Analysis
EvoEstate Risk rating is of an informative nature only & can not be considered investment advice.
Loan To value
Purpose of the loan Real estate development
Amount of funding 250 000 €
Value of collateral 1 187 000 €
LTV 55 %
Payment of interest Every month
Loan repayment At the end of the loan period
Loan period 18 mo.
Minimum loan period 4 mo.
Collateral Real estate pledge
Guarantees / surety
Mortgage rank First order mortgage
1) Company wants to expand its real estate portfolio - will acquire administrative premises, total space approx. 900 m2, production-storage premises, total space approx. 1080 m2 that are located in the same complex Pramonės st. 8, Panevezys, Lithuania and storage-production premises with space of 1000 m2 in UK.
2) Company will invest in current real estate that will be mortgaged to meet the needs of their clients - installation of LED lights, renovate roofs, lifting gates (6-8 units), electric installation upgrade.
Projected financing amount up to 650 000 EUR, divided into 3 stages: 1 stage - 250 000 EUR, 2 stage - 200 000 EUR, 3 stage - 200 000 EUR.
The loan can be refinanced in other financial institution, from income of real estate sales or from company's capital.
Company titleUAB Panevėžio pramonės parkas
Company code 304081860
Company website www.panpp.lt
LTD Panevežio pramonės parkas was founded in 2015. The company operates in industrial district of Panėvežys town with good infrastructure. Main activity - rental and managing of own storage, production and administrative premises. Large space production and storage premises, smaller production/workshop premises - commercial premises (with changing rooms, sanitary, dining rooms and etc.). Some of the premises has industrial cranes (from 1t - 20 t), heating and ventilation systems.
According to finance statements as of 2020, registered capital 964 500 EUR, own capital 1 171 213 EUR, total assets 3124 396 EUR, Equity ratio 37 %. Sales revenue in 2019 - 781 037 EUR, 2020 - 893 235 EUR, net profit 2019 - 57 549 EUR, 2020 - 55 423 EUR.
Collateral Real estate pledge
Documentation Asset Valuation Report
Report preparation date 2021-07-08
Assessor UAB Verslavita
1. Premises - production premises, i/d 4400-0425-8893:9217, total space 2861,95 m2.
2. Premises - production premises, i/d 4400-0425-9090:9225, total space 988,64 m2.
3. Building - production building, i/d2796-9002-0119, total space 3588,12 m2.
4. Letter of credit (guarantee) from LTD Panevezio pramones parkas of 975 000 EUR.
*All RE that will be mortgaged belongs to LTD Panevezio pramones parkas.
RE is located in northern part of Panevezys, in industrial district of the town in Pramones street, land plot is owned by the state. RE is located near district road Panevezys - Skaistgiriai - Pusalotas. Near the complex is railway branches that connects main road Kaliningrad - Moscow, Panevezis auto market, bus stop. The complex has a good connectivity with other town districts by own transportation or public. Complex can be easily reached with large transportation vehicles.
Project LTV - up to 55 %, first stage LTV 21%.