Agricultural loan for ZS Straupnieki
FG

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Agricultural loan for ZS Straupnieki

€77,000.00

Make investment

€77,000.00

Raised of €77,000.00

Icon check Project is fully funded

Loan

  • Amount €77,000.00
  • Interest rate 12%
  • Term 12m
  • Collateral type Land
  • LTV 56%

Description

This project provides LendSecured investors with an opportunity to finance an agricultural loan secured by a first rank mortgage on the real estate “Straupnieki”, located in Straupes parish, Cēsu region for Cēsu rajona Straupes pagasta zemnieku saimniecība "STRAUPNIEKI", registration No. 44101025061. The funding target for this project is € 77 000.00, which will be used in order to refinance existing business liabilities and purchase of machinery.

This project gives an opportunity to make a loan with an annual rate of 12%, LTV of 56%, loan term of 12 months, with repayment of accrued interest and principal at the end of the loan term.

The collateral consists of two land plots with a total area of 51.8 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 € 154 000,00 will be registered on the collateral in the Land Register of Latvia.

The current market value of the collateral is estimated at € 137 200 subsequently making loan to collateral value ratio (LTV) - 56%.

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 € 1 750 EUR per ha to € 2 600 per ha. The average price of forest land (regardless of the value of the felling area) is € 1 200 per ha.

Borrower has been operating since 1997 and is engaged in mixed farming. 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.

Documents

  • Market Review
  • Info from Enterprise Register
  • Info from Enterprise Register 2
Please login to see a list of documents.

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 08.11.2021 €0.00 €0.00 €0.00 Icon check Paid
2 08.12.2021 €0.00 €0.00 €0.00 Icon check Paid
3 08.01.2022 €0.00 €0.00 €0.00 Icon check Paid
4 08.02.2022 €0.00 €0.00 €0.00 Icon check Paid
5 08.03.2022 €0.00 €0.00 €0.00 Icon check Paid
6 08.04.2022 €0.00 €0.00 €0.00 Icon check Paid
7 08.05.2022 €0.00 €0.00 €0.00 Icon check Paid
8 08.06.2022 €0.00 €0.00 €0.00 Icon check Paid
9 08.07.2022 €0.00 €0.00 €0.00 Icon check Paid
10 08.08.2022 €0.00 €0.00 €0.00 Icon check Paid
11 08.09.2022 €0.00 €0.00 €0.00 Icon check Paid
12 08.10.2022 €0.00 €0.00 €0.00 Icon check Paid
13 09.10.2022 €77,000.00 €9,240.03 €86,240.03

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Land
  • Collateral value €137,200.00
  • LTV 56%

Investment Breakdown

Investor Amount
LANDE co-finance €3,850.00
Anchor investments €4,108.62
Investor 1 €3,850.00
Investor 2 €50.00
Investor 3 €50.00
Investor 4 €50.00
Investor 5 €50.00
Investor 6 €50.00
Investor 7 €200.00
Investor 8 €100.00
Investor 9 €100.00
Investor 10 €50.00
Investor 11 €100.00
Investor 12 €1,000.00
Investor 13 €300.00
Investor 14 €50.00
Investor 15 €52.00
Investor 16 €500.00
Investor 17 €50.00
Investor 18 €100.00
Investor 19 €50.24
Investor 20 €100.00
Investor 21 €50.00
Investor 22 €100.00
Investor 23 €50.00
Investor 24 €0.00
Investor 25 €60.00
Investor 26 €51.00
Investor 27 €150.00
Investor 28 €0.00
Investor 29 €200.00
Investor 30 €100.00
Investor 31 €101.00
Investor 32 €50.00
Investor 33 €51.00
Investor 34 €400.00
Investor 35 €300.00
Investor 36 €200.00
Investor 37 €0.00
Investor 38 €300.00
Investor 39 €100.00
Investor 40 €0.00
Investor 41 €0.00
Investor 42 €50.00
Investor 43 €200.00
Investor 44 €81.00
Investor 45 €0.00
Investor 46 €100.00
Investor 47 €50.00
Investor 48 €52.00
Investor 49 €150.00
Investor 50 €250.00
Investor 51 €526.96
Investor 52 €1,200.00
Investor 53 €1.06
Investor 54 €130.00
Investor 55 €54.00
Investor 56 €50.00
Investor 57 €0.00
Investor 58 €104.40
Investor 59 €209.36
Investor 60 €195.00
Investor 61 €50.00
Investor 62 €308.00
Investor 63 €75.00
Investor 64 €50.00
Investor 65 €50.00
Investor 66 €500.00
Investor 67 €50.00
Investor 68 €0.00
Investor 69 €50.00
Investor 70 €54.76
Investor 71 €2,500.00
Investor 72 €500.00
Investor 73 €642.39
Investor 74 €50.00
Investor 75 €100.00
Investor 76 €50.00
Investor 77 €50.00
Investor 78 €112.00
Investor 79 €50.00
Investor 80 €200.00
Investor 81 €50.00
Investor 82 €4,000.00
Investor 83 €0.00
Investor 84 €50.00
Investor 85 €50.00
Investor 86 €326.76
Investor 87 €50.00
Investor 88 €16,750.00
Investor 89 €53.02
Investor 90 €660.00
Investor 91 €352.16
Investor 92 €16,750.00
Investor 93 €50.00
Investor 94 €57.63
Investor 95 €3,564.00
Investor 96 €1,009.44
Investor 97 €250.00
Investor 98 €50.00
Investor 99 €50.00
Investor 100 €750.00
Investor 101 €600.00
Investor 102 €50.00
Investor 103 €99.00
Investor 104 €214.00
Investor 105 €50.00
Investor 106 €50.00
Investor 107 €0.50
Investor 108 €181.00
Investor 109 €5,000.00
Investor 110 €5,600.00
Investor 111 €128.97
Investor 112 €169.00
Investor 113 €74.00
Investor 114 €213.00
Investor 115 €0.35
Totals €77,000.00
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