Aizdevums pret nekustamā īpašuma ķīlu lauksaimniecības uzņēmumam
Kopsavilkums
The Company was established in 1999 and is operating a mixed farming business. The Company raises livestock (cattle) and crops. They sell cattle in auctions, to other farming businesses, and to slaughterhouses. The Company manages 162ha of rented land to graze cattle and grow hay. To purchase additional agricultural land of 10ha, the Company is seeking financing of EUR 22,130 for a 24-month period. The loan will carry a 13.08% annual interest rate (1.09% monthly) with the repayment of the principal at the end of the term. The loan is secured with a pledge on two agricultural land properties with the total area of 23.8ha, a pledge on a 1000m2 granary and barn, as well as a personal guarantee from the owner.
There is a number of factors that make lending to the Company an attractive opportunity and the main highlights are the following:
- The Company is operating in the farming industry for at least 15 years;
- The loan is secured with a mortgage pledge on an agricultural land property with a total area of 23.8ha and a 1000m2 granary and barn, with a total LTV of 29%;
- Additionally, the loan is secured with a personal guarantee from the owner;
- The Company receives regular government subsidies.
Special note regarding Coronavirus
Currently, the price of meat has slightly dropped, however, the Company sells livestock in spring only if it is deformed, which makes up a small portion of the total biological assets. The pandemic is expected to be over until the Company’s high season in autumn. The land purchase is expected to be refinanced by a classical financier until the end of the term.
Latvija 
Lietuva 
Igaunija