The group of companies and the shareholder have many years of experience in the construction and real estate industries. The shareholder has been working in the construction market since 1976 and is also engaged in academic activities. The Company receiving the loan was established in 1996 but currently has no activities. The guaranteeing company currently reconstructs a complex of buildings in the old town of Vilnius, changing the purpose of the building to a hotel. The company needs additional working capital and, therefore is seeking EUR 217,300 financing for 12 months to cover remaining project expenses and pay suppliers. The loan will carry a 10.32% annual interest rate (0.86% monthly) and it will be amortized at the end of the loan term. The loan is secured with a mortgage on recreational real estate located in Preila resort with a market value of EUR 303,000 (72% LTV), a limited (10% of the loan amount) personal guarantee from the shareholder and related company guarantee.

The project risk rate is A (91 out of 100).

There are a number of factors that make lending to the Company an attractive opportunity and the main highlights are as follows:

• The loan will be secured with a first-rank mortgage on a real estate property in a popular seaside resort with a total market value of EUR 303,000 (72% LTV);
• The management of the Company has over 45 years of experience in the construction industry;
• The related company will provide a company guarantee and the owner of the Company will provide a limited (10% of the loan amount) personal guarantee.