Agricultural loan for refinancing
FG

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Agricultural loan for refinancing

€15,150.00

Make investment

€15,150.00

Raised of €15,150.00

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Loan

  • Amount €15,150.00
  • Interest rate 11%
  • Term 23m
  • Collateral type Land
  • LTV 28%

Description

This project provides LendSecured investors with an opportunity to finance an agricultural loan secured by a first rank mortgage on two real estates “Lācīši”, located in Andzeļu parish, Krāslavas region and “Zinaīdas”, located in Rešetnīki, Andzeļu parish, Krāslavas region for a self-employed farmer. The funding target for this project is € 15 150.00, which will be used in order to refinance an existing business loans to more favourable conditions and obtain funds for machinery repair.

This project gives an opportunity to make a loan with an annual rate of 11%, LTV of 28%, loan term of 24 months, with monthly manner of interest and principal payments.

The collateral consists of 4 land plots with a total area of 33.6 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 € 30 300,00 will be registered on the collateral in the Land Register of Latvia.

The current market value of the collateral is estimated at € 53 500 subsequently making loan to collateral value ratio (LTV) - 28%.

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 is self-employed and has been operating since 2015, when he inherited the collaterals. Borrower’s business activity is related to growing vegetables and cattle breeding.

 

Borrower aims to repay the loan from incoming business revenues. The borrower is a recipient of support payments from European Agricultural Guarantee Fund and European Agricultural Fund for Rural Development.

Documents

  • Market Review
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Schedule

Grace period - 5 day period after the designated payment date according to the payment schedule, when the loan is not considered to be delayed, because of the bank transfer period.
# Date Principal Interest Total Status
1 30.10.2021 €99.10 €138.88 €237.98 Icon check Paid
2 30.11.2021 €100.01 €137.97 €237.98 Icon check Paid
3 30.12.2021 €100.93 €137.05 €237.98 Icon check Paid
4 30.01.2022 €101.86 €136.12 €237.98 Icon check Paid
5 28.02.2022 €102.79 €135.19 €237.98 Icon check Paid
6 30.03.2022 €103.73 €134.25 €237.98 Icon check Paid
7 30.04.2022 €104.68 €133.30 €237.98 Icon check Paid
8 30.05.2022 €105.64 €132.34 €237.98 Icon check Paid
9 30.06.2022 €106.61 €131.37 €237.98 Icon check Paid
10 30.07.2022 €107.59 €130.39 €237.98 Icon check Paid
11 30.08.2022 €108.57 €129.41 €237.98 Icon check Paid
12 30.09.2022 €109.57 €128.41 €237.98
13 30.10.2022 €110.57 €127.41 €237.98
14 30.11.2022 €111.59 €126.39 €237.98
15 30.12.2022 €112.61 €125.37 €237.98
16 30.01.2023 €113.64 €124.34 €237.98
17 28.02.2023 €114.68 €123.30 €237.98
18 30.03.2023 €115.73 €122.25 €237.98
19 30.04.2023 €116.80 €121.18 €237.98
20 30.05.2023 €117.87 €120.11 €237.98
21 30.06.2023 €118.95 €119.03 €237.98
22 30.07.2023 €120.04 €117.94 €237.98
23 30.08.2023 €121.14 €116.84 €237.98
24 23.09.2023 €149.25 €88.72 €237.97
25 23.09.2023 €12,476.04 €0.00 €12,476.04

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Land
  • Collateral value €53,500.00
  • LTV 28%

Investment Breakdown

Investor Amount
LANDE co-finance -€4.95
Anchor investments €213.20
Investor 1 -€4.95
Investor 2 €46.64
Investor 3 €0.01
Investor 4 €93.22
Investor 5 €0.01
Investor 6 €46.64
Investor 7 €0.01
Investor 8 €0.01
Investor 9 €69.94
Investor 10 €0.01
Investor 11 €0.01
Investor 12 €46.64
Investor 13 €0.01
Investor 14 €0.01
Investor 15 €93.22
Investor 16 €0.01
Investor 17 €46.64
Investor 18 €279.59
Investor 19 €93.22
Investor 20 €46.64
Investor 21 €363.47
Investor 22 €0.01
Investor 23 €0.01
Investor 24 €0.01
Investor 25 €93.22
Investor 26 €0.01
Investor 27 €0.01
Investor 28 €46.64
Investor 29 €139.83
Investor 30 €0.01
Investor 31 €46.64
Investor 32 €65.28
Investor 33 €46.64
Investor 34 €0.01
Investor 35 €0.01
Investor 36 €46.64
Investor 37 €0.00
Investor 38 €0.01
Investor 39 €93.22
Investor 40 €49.37
Investor 41 €93.22
Investor 42 €46.64
Investor 43 €0.70
Investor 44 €0.01
Investor 45 €0.01
Investor 46 €0.01
Investor 47 €46.64
Investor 48 €0.01
Investor 49 -€0.63
Investor 50 €0.01
Investor 51 €93.22
Investor 52 €93.22
Investor 53 €0.01
Investor 54 €0.01
Investor 55 €139.83
Investor 56 €0.01
Investor 57 €0.01
Investor 58 €46.64
Investor 59 €69.94
Investor 60 €61.55
Investor 61 €0.01
Investor 62 €0.01
Investor 63 €2,329.62
Investor 64 €465.95
Investor 65 €93.22
Investor 66 €47.11
Investor 67 €0.01
Investor 68 €46.64
Investor 69 €0.01
Investor 70 €465.95
Investor 71 €46.64
Investor 72 €0.01
Investor 73 €0.01
Investor 74 €0.01
Investor 75 €46.64
Investor 76 €0.01
Investor 77 €0.01
Investor 78 €46.64
Investor 79 €63.18
Investor 80 €55.96
Investor 81 €46.64
Investor 82 €0.01
Investor 83 €0.01
Investor 84 €0.00
Investor 85 €0.01
Investor 86 €0.00
Investor 87 €0.01
Investor 88 €0.01
Investor 89 €46.64
Investor 90 €0.01
Investor 91 €0.01
Investor 92 €0.00
Investor 93 €46.64
Investor 94 €47.29
Investor 95 €46.64
Investor 96 €0.01
Investor 97 €0.00
Investor 98 €0.00
Investor 99 €0.22
Investor 100 €47.58
Investor 101 -€0.56
Investor 102 €0.01
Investor 103 €942.13
Investor 104 €0.01
Investor 105 €0.01
Investor 106 €93.22
Investor 107 €0.01
Investor 108 €24.03
Investor 109 €0.01
Investor 110 €0.01
Investor 111 €0.01
Investor 112 €93.22
Investor 113 €0.01
Investor 114 €17.28
Investor 115 €0.01
Investor 116 €469.02
Investor 117 €49.42
Investor 118 €0.01
Investor 119 €0.01
Investor 120 €64.77
Investor 121 €9.48
Investor 122 €0.01
Investor 123 €47.25
Investor 124 €22.21
Investor 125 €0.01
Investor 126 €6.57
Investor 127 €0.01
Investor 128 €102.02
Investor 129 €0.01
Investor 130 €47.57
Investor 131 €47.58
Investor 132 €47.58
Investor 133 -€0.06
Investor 134 €0.01
Investor 135 €19.17
Investor 136 €47.58
Investor 137 €97.84
Investor 138 -€0.03
Investor 139 €67.45
Investor 140 €46.64
Investor 141 €9.60
Investor 142 €0.01
Investor 143 €48.22
Investor 144 €66.54
Investor 145 €18.87
Investor 146 €43.70
Investor 147 €57.86
Investor 148 €96.42
Investor 149 €0.01
Investor 150 €10.63
Investor 151 €2.05
Investor 152 €15.11
Investor 153 €0.01
Investor 154 €22.35
Investor 155 €12.92
Investor 156 €20.41
Investor 157 €3.41
Investor 158 €19.85
Investor 159 €46.64
Totals €15,150.00
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