Financing of real estate developer in Lithuania

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Summary
The group of 7 companies was established in 2007 and is engaged in the wholesale trade of construction materials and apartment lease. Borrower is one of the group's companies and its main activity is the development of residential and commercial real estate projects in Lithuania, as well as real estate lease. The group  has long-term experience in real estate development industry and have completed multiple projects, including 18,000m2 industrial premises in Paneriai, 4 semi-detached residential houses in Bendoriai district and 5 residential houses in Bajorai district, Vilnius area. The Company is currently looking for additional financing of EUR 164,000 for 12 months period in order to refinance currently existing loan on the collateral. The loan is secured with a personal guarantee from the owner and real estate pledge - 274,29 m2 apartment with 578 m2 land plot in Vilnius, Lithuania with a market value of EUR 233,000 (valuation by Oberhaus). Lenders are offered 12% annual (1% monthly) interest with loan repayment at the end of the term, with a possibility to repay the loan early after 3 months.

There is a number of factors that make lending to the Company an attractive opportunity and the main highlights are the following:
 
  • The business owner has more than 10 years of experience in the industry and is running the Company since its’ establishment;
  • Financing is secured with liquid real estate collateral and personal guarantee of the owner;
  • The Company has a track record of successfully completed projects;
  • The Company has significant equity and a low level of financial debt.
ID 11661-2019-2
Industry Real estate
Location Lithuania
Loan type Bullet
Term 12 months
Expected return 12%
Interest rate Monthly
Amortisation At the end of the term
Risk grade B (80 out of 100)
Personal warranty From owner
Collateral Apartment in Vilnius worth EUR 233,000
Capitalia's cofinancing 25000
Target amount 164000
Cancelled