Agricultural loan
FG

Icon check Project is fully funded

Agricultural loan

€3,680.00

Investition vornehmen

€3,680.00

Raised of €3,680.00

Icon check Project is fully funded

Dokumente

  • Market Review
  • Land Book
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Kredit

  • Betrag €3,680.00
  • Zinssatz 12%
  • Laufzeit 10m
  • Beleihungsquote 9%

Beschreibung

This project provides LendSecured investors with an opportunity to finance an agricultural loan in the amount of € 3 680 secured by a first rank mortgage on the real estate “Jaunlauci”, located in Pusmucovas parish, Ciblas region.

This project gives an opportunity to make a loan with an annual rate of 12%, LTV of 9%, loan term of 10 months, with monthly manner of interest payments.

The collateral consists of 3 agricultural and forest land plots with a total area of 30.5 ha. In order to secure the claims, arising out of loan agreements, a first-hand mortgage in the amount of € 7 360 will be registered on the collateral in the Land Register of Latvia. Aside from the mortgage, the collateral is debt free.

The current market value of the collateral is estimated at € 39 970 subsequently making loan to collateral value ratio (LTV) - 9%.  Even upon a forced sale, estimating that the real estate will be sold for 30% lower than the market value (€ 27 979), LTV will not exceed 15%.

The demand for agricultural land currently in Latvia exceeds supply and 25% of farmers are forced to rent the land, as there is none available on the market. The price of agricultural land plots in the region of the collateral ranges from 1 300 EUR per ha to 1 700 per ha, while the price of forest land ranges from 600 EUR per ha to 900 per ha.

The Borrower is an owner of a farm undertaking, which under the Latvian legislation is not registered in the commercial register. The Borrower is engaged in crop production and will use the funds to repair the machinery for the season.

Borrower aims to repay the loan from incoming business revenues or from the sale of one of the land plots.

Zahlungsplan

Der Rückzahlungsplan des Kredits ist rein informativ und kann Änderungen unterliegen.
Schonfrist – 5-tägige Frist nach dem vorgesehenen Zahlungstermin laut Zahlungsplan, in der der Kredit aufgrund der Überweisungsdauer noch nicht als verzögert gilt.
# Datum Hauptbetrag Zinsen Gesamt Status
1 15.03.2021 €0.00 €36.80 €36.80 Icon check Paid
2 15.04.2021 €0.00 €36.80 €36.80 Icon check Paid
3 15.05.2021 €0.00 €36.80 €36.80 Icon check Paid
4 15.06.2021 €0.00 €36.80 €36.80 Icon check Paid
5 15.07.2021 €0.00 €36.80 €36.80 Icon check Paid
6 15.08.2021 €0.00 €36.80 €36.80 Icon check Paid
7 15.09.2021 €0.00 €36.80 €36.80 Icon check Paid
8 15.10.2021 €0.00 €36.80 €36.80 Icon check Paid
9 15.11.2021 €0.00 €36.80 €36.80 Icon check Paid
10 04.01.2022 €3,680.00 €60.54 €3,740.54 Icon check Paid

Kreditnehmer

  • Land Latvia, LV

Sicherheit

  • Land Latvia, LV
  • Collateral type Land
  • Collateral value €39,970.00
  • Beleihungsquote 9%
  • Grundschuld first rank

Investitionsaufschlüsselung

Investor Betrag
LendSecured Co-Finanzierung €0.00
Anker-Investitionen €0.00
Investor 1 €0.00
Investor 2 €0.01
Investor 3 €0.01
Investor 4 €0.01
Investor 5 €0.01
Investor 6 €0.00
Investor 7 €0.01
Investor 8 €0.01
Investor 9 €0.01
Investor 10 €0.01
Investor 11 €0.01
Investor 12 €0.01
Investor 13 €0.01
Investor 14 €0.01
Investor 15 €0.00
Investor 16 €0.01
Investor 17 €0.01
Investor 18 €0.01
Investor 19 €0.00
Investor 20 €0.01
Investor 21 €0.01
Investor 22 €0.01
Investor 23 €0.01
Investor 24 €0.01
Investor 25 €0.01
Investor 26 €0.01
Investor 27 €0.01
Investor 28 €0.01
Investor 29 €0.01
Investor 30 €0.01
Investor 31 €0.01
Investor 32 €0.01
Investor 33 €0.00
Investor 34 €0.00
Investor 35 €0.01
Investor 36 €0.01
Investor 37 €0.01
Investor 38 €0.01
Investor 39 €0.01
Investor 40 €0.01
Investor 41 €0.01
Investor 42 €0.01
Investor 43 -€59.99
Investor 44 €0.01
Investor 45 €0.01
Gesamtbeträge €3,293.16

Neueste Kommentare

Any info about delayed?
22.04.2021
Any updates about delay?
Festas Varela Luis Filipe
29.12.2021
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