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Macro Location Analysis
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Loan To value
Need for funding
1) It is intended to supplement the existing real estate park - to acquire another 900 m2 of administrative real estate, production - storage premises with an area of 1080, address Pramonės str. .8, Panevėžys and production-storage premises in the United Kingdom, area up to 1000 m2.
2) It is intended to repair and improve the condition of the existing property - to install LED lighting. It is planned to renovate the roofs of the existing property with new coatings. Investments will also be made in industrial lift gates (6-8 pcs.) And electrical wiring upgrades where needed.
Planned financing up to 650 TEUR for 3 stages: 1st stage - 250 TEUR (already financed and desired acquired property in the same complex), 2 stages - 200 TEUR (funds will be used for installation, arrangement and infrastructure of purchased property), 3 stages - 200 TEUR .
The loan will be repaid by refinancing in another financial institution, from the sale of assets or the income of the company.
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.
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 38%.