#4319 Development loan - 2.stage (Lithuania) Funded: 09.11.2018

  • #4319 Development loan - 2.stage (Lithuania)
  • #4319 Development loan - 2.stage (Lithuania)
  • #4319 Development loan - 2.stage (Lithuania)
  • #4319 Development loan - 2.stage (Lithuania)
  • #4319 Development loan - 2.stage (Lithuania)
  • #4319 Development loan - 2.stage (Lithuania)
  • #4319 Development loan - 2.stage (Lithuania)

Executive Summary

    • The loan is used to continue construction works.
    • The loan will be repaid from sales revenue of a completed development project.
    • The loan is secured with a first rank mortgage.
    • Borrower adds a 1% bonus to annual interest for investments of at least €20,000 (combined annual interest 12%).

Loan Terms

Loan Contract Number

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Quick Overview
  • 11.0%+1.0%
    Investment > €20,000 = 1.0% bonus
71.7% filled, 889 investors
  • Expires Funded
  • Target €300,000
  • Collateral value €1,500,000
  • LTV 40.0%
  • Projected LTV 65.0%
  • Loan Period 12 months
  • Schedule Type Bullet
  • Mortgage Rank first rank
  • Mortgage Type Commercial building
  • Loan Type Development loan
  • Location Lithuania

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