Update from the originator: The right of the borrower's manager to act as a manager was restricted. Therefore, the originator is applying to the bailiff for the appointment of a curator. Upon approval by the court, the trustee will be tried for the forced sale of the mortgaged property. The sales process can be expected within 2-3 months. Negotiations for a voluntary sale broke down without achieving the desired result.
|Project rating||Originator rating|
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.
The purpose of the loan of 255000 EUR is to refinance the current loan at Nordstreet and additional working capital for the sale process for the company's real estate.
This decision will grant additional time for the sale or/and development of the real estate, to reach better financial sale proposals and to extend the current loan schedule.
LTD Suntracker LT is a real estate development company, that develops 4 land plots in Putiniskiu village, Vilnius street no. 36A, 38, 38A, 38B, Vilnius district. The first initial plan was to develop a "build to suit" project, but the agreement was not signed. The company needs additional time for the sale process (which is in progress) of part or all of the land plots within 6 months. Land plots are cleaned and ready for development.
1. Land plot, address Putiniskiu vil., Vilniaus 38 st., Vilnius distr., total area 0,4726 hectares, I/D 4400-3733-5636, purpose - other (commercial and storage teritorry), the owner - LTD Ambermina.
2. Land plot, address Putiniskiu vil., Vilnius 36A, Vilnius distr., total area 0,6705 hectares, I/D 4400-3733-5636, the purpose - other , the owner LTD Ambermina.
The market value - 473 000 EUR*
*Note. The reevaluation was not done, because there were no significant changes. Ownership has LTD Ambermina (please see the updated Register information).
Land plots are located in a new commercial/production district. Nearby is construction factory other storage/commercial buildings like MK Technika. On the other side of the road are built commercial buildings, storage complex. Located in Suderves district. Good connectivity via roads and can be easily reached with private transport. Situated 17 km from the centre of Vilnius.
|26.09.2021||Paid||No||26 November 2021, 18:03|
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