Agricultural loan for ZS Līvas I
FG

Icon check Project is fully funded

Agricultural loan for ZS Līvas I

€9,200.00

Investition vornehmen

€9,200.00

Raised of €9,200.00

Icon check Project is fully funded

Dokumente

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Kredit

  • Betrag €9,200.00
  • Zinssatz 11%
  • Laufzeit 12m
  • Beleihungsquote 52%

Beschreibung

This project provides LendSecured investors with an opportunity to finance an agricultural loan secured by a first rank mortgage on the real estate “Pitrānu mājas”, located in Aulejas parish, Krāslavas region for Aulejas pagasta zemnieku saimniecība “LĪVA”, registration No. 41501009506. The funding target for this project is € 9 200.00, which will be used in order to refinance existing business loans. For this aim, the borrower is also concluding another loan agreement via LendSecured in the amount of € 16 800.00 secured by another real estate.

This project gives an opportunity to make a loan with an annual rate of 11%, LTV of 52%, loan term of 12 months, with monthly manner of interest and principal payments.

The collateral consists of a land plot with a total area of 10.6 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 € 18 400,00 will be registered on the collateral in the Land Register of Latvia.

The current market value of the collateral is estimated at € 17 800 subsequently making loan to collateral value ratio (LTV) - 52%.

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 € 1 300 EUR per ha to € 1 800 per ha. The average price of forest land keep increasing, on average being € 2 140 per ha.

Borrower has been operating since 1993 and is engaged in growing of crops, market gardening, horticulture, farming of animals, agricultural and animal husbandry service activities. This is not Borrower’s first collaboration with LendSecured. In 2018 the Borrower was granted a loan for refinancing purposes, which was repaid in 2020 from the income from logging.

Borrower aims to repay the loan from incoming business revenues. For additional guarantee the owner of the farm is giving a surety-ship in the full loan amount. The borrower is a recipient of support payments from European Agricultural Guarantee Fund and European Agricultural Fund for Rural Development.

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 25.10.2021 €0.00 €84.33 €84.33 Icon check Paid
2 25.11.2021 €0.00 €84.33 €84.33 Icon check Paid
3 25.12.2021 €0.00 €84.33 €84.33 Icon check Paid
4 25.01.2022 €0.00 €84.33 €84.33 Icon check Paid
5 25.02.2022 €0.00 €84.33 €84.33 Icon check Paid
6 04.03.2022 €9,200.00 €27.20 €9,227.20 Icon check Paid

Kreditnehmer

  • Land Latvia, LV

Sicherheit

  • Land Latvia, LV
  • Collateral type Land
  • Collateral value €17,800.00
  • Beleihungsquote 52%
  • Grundschuld first rank

Investitionsaufschlüsselung

Investor Betrag
LendSecured Co-Finanzierung €0.00
Anker-Investitionen -€140.00
Investor 1 €0.00
Investor 2 €0.00
Investor 3 €0.00
Investor 4 €0.00
Investor 5 €0.00
Investor 6 €0.00
Investor 7 €0.00
Investor 8 €0.00
Investor 9 €0.00
Investor 10 €0.00
Investor 11 €0.00
Investor 12 €0.00
Investor 13 €0.00
Investor 14 €0.00
Investor 15 €0.00
Investor 16 €0.00
Investor 17 €0.00
Investor 18 €0.00
Investor 19 €0.00
Investor 20 €0.00
Investor 21 €0.00
Investor 22 €0.00
Investor 23 €0.00
Investor 24 €0.00
Investor 25 €0.00
Investor 26 €0.00
Investor 27 €0.00
Investor 28 €0.00
Investor 29 €0.00
Investor 30 €0.00
Investor 31 €0.00
Investor 32 €0.00
Investor 33 €0.00
Investor 34 €0.00
Investor 35 €0.00
Investor 36 €0.00
Investor 37 €0.00
Investor 38 €0.00
Investor 39 €0.00
Investor 40 €0.00
Investor 41 €0.00
Investor 42 €0.00
Investor 43 €0.00
Investor 44 €0.00
Investor 45 €0.00
Investor 46 €0.01
Investor 47 €0.00
Investor 48 €0.00
Investor 49 €0.00
Investor 50 €0.00
Investor 51 €0.00
Investor 52 €0.00
Investor 53 €0.00
Investor 54 €0.00
Investor 55 €0.00
Investor 56 €0.00
Investor 57 €0.00
Investor 58 €0.00
Investor 59 €0.00
Investor 60 €0.00
Investor 61 €0.00
Investor 62 €0.00
Investor 63 €0.00
Investor 64 €0.00
Investor 65 €0.00
Investor 66 €0.00
Investor 67 €0.00
Investor 68 €0.00
Investor 69 €0.00
Investor 70 €0.00
Investor 71 €0.00
Investor 72 €0.00
Investor 73 €0.00
Investor 74 €0.00
Investor 75 €0.00
Investor 76 €0.00
Investor 77 €0.00
Investor 78 €0.00
Investor 79 €0.00
Investor 80 €0.00
Investor 81 €0.00
Investor 82 €0.00
Investor 83 €0.00
Investor 84 €0.00
Investor 85 €0.00
Investor 86 €0.00
Investor 87 €0.00
Investor 88 €0.00
Investor 89 €0.00
Investor 90 €0.00
Investor 91 €0.00
Investor 92 -€140.00
Gesamtbeträge €8,680.00

Neueste Kommentare

Any problem?
Anegas Galan Anselmo
26.11.2021
The borrower has misunderstood the first payment date. We have contacted the borrower and the payments will be made next week.
LANDE
26.11.2021
Hello now we are 12 days later, no payments.
Foppen Reyer
07.12.2021
Investors should be informed about the extension of the repayment schedule and the reasons for this should be explained. Without such information, it becomes suspicious.
Jagi Pawel
09.12.2021
Hello Jagi, thank you for your comment, in this case, the borrower had misunderstood the first payment date, and this is the reason the loan was delayed. Payments have been made and will be paid accordingly to schedule.
LANDE
10.12.2021
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