Kreditbedingungen
-
Betrag
€20,000.00
-
Laufzeit
18 Monate
-
Zinssatz
11%
Beschreibung
This project provides LendSecured investors with an opportunity to finance an agricultural loan to SIA Zaļie Zari, registration No. 45403024571, secured by a first rank mortgage on the real estate “Nomaļi”, located in Sēlpils parish, Salas region. The funding target for this project is € 20 000.00, which will be used in order to purchase machinery.
This project gives an opportunity to make a loan with an annual rate of 11%, LTV of 48%, loan term of 18 months, with monthly manner of interest payments and full repayment of the principal at the end of the loan term.
The collateral consists of two land plots with a total area of 20.4 ha, consisting both of agricultural and forest land. In order to secure the claims, arising out of loan agreements, a first-hand mortgage in the amount of € 40 000.00 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 € 41 440 subsequently making loan to collateral value ratio (LTV) - 48%.
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 parish of the collateral ranges from € 2 250 EUR per ha to € 2 900 per ha. The average price of forest land keep increasing, on average being € 2 140 per ha.
Borrower has been operating since 2009 and is engaged in mixed farming (crop and livestock production). The funds will be used in order to purchase machinery.
Borrower aims to repay the loan from incoming business revenues. Borrower is a recipient of support payments from European Agricultural Guarantee Fund and European Agricultural Fund for Rural Development. For additional guarantee the shareholder of the company is giving a personal surety in the full loan amount.
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Der Rückzahlungsplan des Kredits ist rein informativ und kann Änderungen unterliegen.
Zeitplan des Kreditnehmers
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 |
|
1 |
25.08.2021 |
€0.00 |
€183.33
|
€183.33 |
|
2 |
25.09.2021 |
€0.00 |
€183.33
|
€183.33 |
|
3 |
25.10.2021 |
€0.00 |
€183.33
|
€183.33 |
|
4 |
25.11.2021 |
€0.00 |
€183.33
|
€183.33 |
|
5 |
25.12.2021 |
€0.00 |
€183.33
|
€183.33 |
|
6 |
25.01.2022 |
€0.00 |
€183.33
|
€183.33 |
|
7 |
21.02.2022 |
€20,000.00 |
€157.14
|
€20,157.14 |
|