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. As of today, the receiver of the loan Company is not very active, but the group is actively developing real estate projects in Vilnius and Neringa districts. 

The group of companies is working on receiving construction permits for an apartment building in the central area of Vilnius and is finishing all the remaining works in Didžioji St. 3. In order to successfully manage all the projects and avoid unexpected problems, the Company is seeking to extend the existing loan term by refinancing the loan it received from Capitalia a year ago.

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 central Vilnius area with a total market value of EUR 266,000 (69% LTV);
• The management of the Company has over 45 years of experience in the construction industry;
• The owner of the Company will provide a limited (10% of the loan amount) personal guarantee.
• The Company has excellent payment discipline with Capitalia.