Funding for warehouse construction
FG

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Funding for warehouse construction

€23,500.00

Make investment

€23,500.00

Raised of €23,500.00

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Loan

  • Amount €23,500.00
  • Interest rate 11%
  • Term 18m
  • Collateral type Land
  • LTV 39%

Description

This project gives LANDE investors an opportunity to provide funding in the amount of € 23 500 for a self-employed farmer Daiga Ruka, to receive a funds for building a warehouse for storage of vegetables. Borrower is engaged in vegetable growing and selling for different markets.

This project gives an opportunity to make a loan with an annual rate of 11 %, LTV of 39 %, a loan term of 18 months, with a monthly manner of interest and principal payments.

The collateral consists of a land plot with a total area of 4,0 ha agricultural land and buildings located on the land. To secure the claims, arising out of loan agreements, a first-hand mortgage in the amount of € 47 000,00 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 € 60 400 subsequently making loan to collateral value ratio (LTV) – 39 %. Market value of collateral is determined by certified appraisal performed by “OBER HAUS”.

Documents

  • Appraisal of Dravnieki, Inčukalna pag., Siguldas nov
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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 05.09.2022 €80.33 €215.41 €295.74
2 05.10.2022 €81.40 €214.67 €296.07
3 05.11.2022 €82.48 €213.93 €296.41
4 05.12.2022 €83.58 €213.18 €296.76
5 05.01.2023 €84.70 €212.41 €297.11
6 05.02.2023 €85.83 €211.63 €297.46
7 05.03.2023 €86.97 €210.84 €297.81
8 05.04.2023 €88.13 €210.05 €298.18
9 05.05.2023 €89.31 €209.24 €298.55
10 05.06.2023 €90.50 €208.42 €298.92
11 05.07.2023 €91.70 €207.59 €299.29
12 05.08.2023 €92.93 €206.75 €299.68
13 05.09.2023 €94.16 €205.90 €300.06
14 05.10.2023 €95.42 €205.04 €300.46
15 05.11.2023 €96.69 €204.16 €300.85
16 05.12.2023 €97.98 €203.28 €301.26
17 05.01.2024 €99.29 €202.37 €301.66
18 05.02.2024 €100.61 €201.47 €302.08
19 10.02.2024 €343.36 €34.57 €377.93
20 10.02.2024 €21,534.62 €0.00 €21,534.62

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Land
  • Collateral value €60,400.00
  • LTV 39%

Investment Breakdown

Investor Amount
Anchor investments €46.99
Investor 1 €250.00
Investor 2 €50.00
Investor 3 €50.00
Investor 4 €50.00
Investor 5 €50.00
Investor 6 €50.00
Investor 7 €50.00
Investor 8 €50.00
Investor 9 €50.00
Investor 10 €250.00
Investor 11 €50.00
Investor 12 €50.00
Investor 13 €50.00
Investor 14 €250.00
Investor 15 €50.00
Investor 16 €50.00
Investor 17 €250.00
Investor 18 €250.00
Investor 19 €50.00
Investor 20 €50.00
Investor 21 €50.00
Investor 22 €50.00
Investor 23 €50.00
Investor 24 €50.00
Investor 25 €50.00
Investor 26 €50.00
Investor 27 €50.00
Investor 28 €50.00
Investor 29 €250.00
Investor 30 €250.00
Investor 31 €50.00
Investor 32 €50.00
Investor 33 €50.00
Investor 34 €50.00
Investor 35 €1,000.00
Investor 36 €50.00
Investor 37 €50.00
Investor 38 €50.00
Investor 39 €50.00
Investor 40 €50.00
Investor 41 €52.00
Investor 42 €100.00
Investor 43 €50.00
Investor 44 €250.00
Investor 45 €100.00
Investor 46 €50.00
Investor 47 €50.00
Investor 48 €250.00
Investor 49 €150.00
Investor 50 €50.00
Investor 51 €50.00
Investor 52 €50.00
Investor 53 €50.00
Investor 54 €250.00
Investor 55 €250.00
Investor 56 €50.00
Investor 57 €50.00
Investor 58 €250.00
Investor 59 €250.00
Investor 60 €100.00
Investor 61 €200.00
Investor 62 €50.00
Investor 63 €50.00
Investor 64 €50.00
Investor 65 €50.00
Investor 66 €50.00
Investor 67 €50.00
Investor 68 €50.00
Investor 69 €50.00
Investor 70 €50.00
Investor 71 €50.00
Investor 72 €50.00
Investor 73 €50.00
Investor 74 €210.00
Investor 75 €50.00
Investor 76 €50.00
Investor 77 €58.71
Investor 78 €51.87
Investor 79 €500.00
Investor 80 €50.00
Investor 81 €50.00
Investor 82 €100.00
Investor 83 €0.00
Investor 84 €100.00
Investor 85 €50.00
Investor 86 €50.00
Investor 87 €50.00
Investor 88 €50.00
Investor 89 €50.00
Investor 90 €51.67
Investor 91 €500.00
Investor 92 €100.50
Investor 93 €103.10
Investor 94 €50.00
Investor 95 €50.00
Investor 96 €100.00
Investor 97 €94.00
Investor 98 €100.00
Investor 99 €50.00
Investor 100 €50.00
Investor 101 €50.00
Investor 102 €54.00
Investor 103 €50.00
Investor 104 €50.00
Investor 105 €50.00
Investor 106 €1,000.00
Investor 107 €50.00
Investor 108 €77.78
Investor 109 €100.00
Investor 110 €50.00
Investor 111 €80.00
Investor 112 €500.00
Investor 113 €50.00
Investor 114 €50.00
Investor 115 €1,000.00
Investor 116 €50.00
Investor 117 €50.00
Investor 118 €50.00
Investor 119 €50.00
Investor 120 €50.00
Investor 121 €1,000.00
Investor 122 €50.00
Investor 123 €56.00
Investor 124 €54.00
Investor 125 €100.00
Investor 126 €50.00
Investor 127 €100.00
Investor 128 €100.00
Investor 129 €50.00
Investor 130 €53.00
Investor 131 €50.00
Investor 132 €500.00
Investor 133 €50.00
Investor 134 €100.00
Investor 135 €50.00
Investor 136 €500.00
Investor 137 €50.00
Investor 138 €50.00
Investor 139 €100.00
Investor 140 €60.00
Investor 141 €62.06
Investor 142 €100.00
Investor 143 €50.00
Investor 144 €50.00
Investor 145 €50.00
Investor 146 €50.00
Investor 147 €50.00
Investor 148 €50.00
Investor 149 €50.00
Investor 150 €50.00
Investor 151 €50.00
Investor 152 €74.00
Investor 153 €115.00
Investor 154 €50.00
Investor 155 €100.00
Investor 156 €50.00
Investor 157 €50.00
Investor 158 €50.00
Investor 159 €50.00
Investor 160 €50.00
Investor 161 €50.00
Investor 162 €65.00
Investor 163 €50.00
Investor 164 €82.18
Investor 165 €60.00
Investor 166 €50.00
Investor 167 €50.00
Investor 168 €50.00
Investor 169 €55.67
Investor 170 €397.51
Investor 171 €50.00
Investor 172 €50.00
Investor 173 €50.00
Investor 174 €100.00
Investor 175 €50.00
Investor 176 €100.00
Investor 177 €50.00
Investor 178 €50.00
Investor 179 €85.00
Investor 180 €199.47
Investor 181 €60.00
Investor 182 €50.00
Investor 183 €50.00
Investor 184 €1,000.00
Investor 185 €200.00
Investor 186 €71.00
Investor 187 €1,041.00
Investor 188 €50.00
Investor 189 €50.00
Investor 190 €50.00
Investor 191 €50.00
Investor 192 €50.00
Investor 193 €50.00
Investor 194 €100.00
Investor 195 €46.99
Totals €23,500.00
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