Experienced real estate management company in LithuaniaBack to all Lending opportunities
SummaryThe Company, established in 2011, has been successfully developing residential and administrative projects in Lithuania. Company’s services include design of multi-apartment houses and commercial objects, sales services upon construction and registration of the building and real estate project management. The Company is currently looking for additional financing of EUR 102,000 for 2-month period to finance ongoing projects. The Company has issued invoices, which will be paid after the buyer will receive bank financing. Loan is secured with secondary real estate pledge of residential building in Vilnius, with a total area of 138.94 sq/m and market value of EUR 152,000, two residential land plots in Trakai district, with an area of 0.2104 ha and 0.2334 ha, and market values of EUR 20,000 and EUR 23,000 respectively, 100% of shares of related company and personal guarantee from a business owner. The first pledge is registered on active loan with EUR 121,000 principal issued by Capitalia. Investors are offered 15.00% annual (1.25% monthly) interest with principal payment at the end of the term.
There is a number of factors that make lending for the Company an attractive opportunity and the main highlights are the following:
• Capitalia has had excellent previous cooperation with the company;
• Financing is secured with a secondary real estate mortgage, as well as a personal guarantee from the manager;
• The manager has 15 years of experience in the industry and is running company since its’ establishment;
• The Company has a track record of growth since the beginning of operations.