Agricultural loan for farmhouse repairs and modernization
FG

Icon check Project is fully funded

Agricultural loan for farmhouse repairs and modernization

€3,250.00

Investition vornehmen

€3,250.00

Raised of €3,250.00

Icon check Project is fully funded

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Kredit

  • Betrag €3,250.00
  • Zinssatz 10%
  • Laufzeit 12m
  • Beleihungsquote 14%

Beschreibung

This project provides LendSecured investors with an opportunity to finance an agricultural loan in the amount of € 3250  secured by a first-rank mortgage on the real estate “Dravnieki”, located in Leimaņu parish, Jēkabpils region.

This project gives an opportunity to make a loan with an annual rate of 10%, LTV of 14%, a loan term of 12 months, with the monthly manner of interest payments.

The collateral consists of a land plot with a total area of 8.93 ha, which consists of agricultural land. In order to secure the claims, arising out of loan agreements, a first-hand mortgage in the amount of € 6500 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 € 23218 subsequently making a loan to collateral value ratio (LTV) - 14%. 

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 is around 2600 EUR.

The Borrower is self-employed in the agricultural sector and is engaged in dairy cattle farming. The funds will be used to repair and modernize farmhouse.

 

Borrower aims to repay the loan from incoming business revenues.

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 05.02.2022 €0.00 €27.08 €27.08 Icon check Paid
2 05.03.2022 €0.00 €27.08 €27.08 Icon check Paid
3 30.03.2022 €3,250.00 €21.84 €3,271.84 Icon check Paid

Kreditnehmer

  • Land Latvia, LV

Sicherheit

  • Land Latvia, LV
  • Collateral type Land
  • Collateral value €23,218.00
  • Beleihungsquote 14%

Investitionsaufschlüsselung

Investor Betrag
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
Gesamtbeträge €3,250.00
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