Refinancing business loan
FG

Icon check Project is fully funded

Refinancing business loan

€6,337.00

Investition vornehmen

€6,337.00

Raised of €6,337.00

Icon check Project is fully funded

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Kredit

  • Betrag €6,337.00
  • Zinssatz 10%
  • Laufzeit 23m
  • Beleihungsquote 23%

Beschreibung

This project provides LendSecured investors with an opportunity to finance an agricultural loan in the amount of € 6337.00 secured by a first-rank mortgage on the real estate “Rozes”, located in Jaunatnes street 4, Vārkava, Vārkavas parish, Vārkavas region.

This project gives an opportunity to make a loan with an annual rate of 10%, LTV of 23%, a loan term of 24 months, with a monthly manner of interest and principal payments.

The collateral consists of 5 agricultural and forest land plots with a total area of 15.99 ha. In order to secure the claims, arising out of loan agreements, a first-hand mortgage in the amount of € 12674 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 € 27 865 subsequently making a loan to collateral value ratio (LTV) - 23%.  Even upon a forced sale, estimating that the real estate will be sold for 30% lower than the market value (€ 19 505), LTV will not exceed 50%.

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 € 1 700 per ha. The average price of forest land keeps increasing, on average being € 2 140 per ha.

The Borrower is self-employed in the agricultural sector and is engaged in cattle breeding. The funds will be used to refinance an existing business loan that has been partially repaid (previous project - 210430-317681)

The Borrower aims to repay the loan from incoming business revenues (sale of cattle).

Zahlungsplan

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 20.02.2022 €67.72 €52.80 €120.52 Icon check Paid
2 20.03.2022 €68.68 €52.24 €120.92 Icon check Paid
3 20.04.2022 €69.65 €51.67 €121.32 Icon check Paid
4 20.05.2022 €70.63 €51.09 €121.72 Icon check Paid
5 20.06.2022 €71.64 €50.50 €122.14 Icon check Paid
6 20.07.2022 €72.65 €49.90 €122.55
7 20.08.2022 €73.68 €49.30 €122.98
8 20.09.2022 €74.72 €48.68 €123.40
9 20.10.2022 €75.78 €48.06 €123.84
10 20.11.2022 €76.86 €47.42 €124.28
11 20.12.2022 €77.94 €46.79 €124.73
12 20.01.2023 €79.05 €46.14 €125.19
13 20.02.2023 €80.17 €45.48 €125.65
14 20.03.2023 €81.30 €44.81 €126.11
15 20.04.2023 €82.46 €44.13 €126.59
16 20.05.2023 €83.62 €43.45 €127.07
17 20.06.2023 €84.81 €42.75 €127.56
18 20.07.2023 €86.01 €42.04 €128.05
19 20.08.2023 €87.23 €41.32 €128.55
20 20.09.2023 €88.46 €40.60 €129.06
21 20.10.2023 €89.72 €39.86 €129.58
22 20.11.2023 €90.99 €39.11 €130.10
23 20.12.2023 €92.28 €38.35 €130.63
24 18.01.2024 €97.70 €35.16 €132.86
25 18.01.2024 €4,413.24 €0.00 €4,413.24

Kreditnehmer

  • Land Latvia, LV

Sicherheit

  • Land Latvia, LV
  • Collateral type Land
  • Collateral value €27,865.00
  • Beleihungsquote 23%

Investitionsaufschlüsselung

Investor Betrag
Anker-Investitionen €41.58
Investor 1 €47.28
Investor 2 €236.29
Investor 3 €236.29
Investor 4 €47.28
Investor 5 €47.28
Investor 6 €47.28
Investor 7 €47.28
Investor 8 €94.53
Investor 9 €47.28
Investor 10 €94.53
Investor 11 €47.28
Investor 12 €47.28
Investor 13 €47.28
Investor 14 €47.28
Investor 15 €94.53
Investor 16 €47.28
Investor 17 €47.28
Investor 18 €65.24
Investor 19 €47.28
Investor 20 €954.51
Investor 21 €47.28
Investor 22 €47.28
Investor 23 €94.53
Investor 24 €141.78
Investor 25 €47.28
Investor 26 €189.04
Investor 27 €47.28
Investor 28 €47.28
Investor 29 €94.53
Investor 30 €47.28
Investor 31 €47.28
Investor 32 €47.28
Investor 33 €49.17
Investor 34 €70.90
Investor 35 €47.28
Investor 36 €94.53
Investor 37 €47.75
Investor 38 €472.54
Investor 39 €47.28
Investor 40 €47.28
Investor 41 €47.28
Investor 42 €94.53
Investor 43 €47.28
Investor 44 €47.28
Investor 45 €189.04
Investor 46 €47.28
Investor 47 €94.53
Investor 48 €47.28
Investor 49 €47.28
Investor 50 €47.28
Investor 51 €47.28
Investor 52 €472.54
Investor 53 €47.28
Investor 54 €54.80
Investor 55 €67.74
Investor 56 €94.53
Investor 57 €47.28
Investor 58 €47.28
Investor 59 €47.28
Investor 60 €49.17
Investor 61 €47.28
Investor 62 €51.93
Investor 63 €0.00
Investor 64 €41.58
Gesamtbeträge €6,337.00
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