Agricultural loan Jāņi, Rožkalnu pag., Līvānu nov.
FG

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Agricultural loan Jāņi, Rožkalnu pag., Līvānu nov.

€6,200.00

Make investment

€6,200.00

Raised of €6,200.00

Icon check Project is fully funded

Loan

  • Amount €6,200.00
  • Interest rate 11%
  • Term 11m
  • Collateral type Land
  • LTV 54%

Description

This project provides LendSecured investors with an opportunity to finance an agricultural loan secured by a first rank mortgage on the real estate “Jāņi”, located in Rožkalnu parish, Līvānu region for a self-employed farmer. The funding target for this project is € 6 200.00, which will be used in order to purchase cattle.

This project gives an opportunity to make a loan with an annual rate of 11%, LTV of 54%, loan term of 12 months, with monthly manner of interest and principal payments.

The collateral consists of an agricultural land plot with a total area of 7 ha. In order to secure the claims, arising out of loan agreements, a first-hand mortgage in the amount of € 12 400.00 will be registered on the collateral in the Land Register of Latvia.

The current market value of the collateral is estimated at € 11 560.00 subsequently making loan to collateral value ratio (LTV) - 54%.

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.

Borrower is self-employed in the agricultural sector and is engaged in dairy farming and cattle breeding. Borrower is seeking the funds to expand the farm and purchase more cattle.

 

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. For additional guarantee the daughter of the borrower is providing a personal surety ship in the full loan amount.

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 10.11.2021 €103.41 €56.83 €160.24 Icon check Paid
2 10.12.2021 €104.35 €55.89 €160.24 Icon check Paid
3 10.01.2022 €105.31 €54.93 €160.24 Icon check Paid
4 10.02.2022 €106.28 €53.96 €160.24 Icon check Paid
5 10.03.2022 €107.25 €52.99 €160.24 Icon check Paid
6 10.04.2022 €108.23 €52.01 €160.24 Icon check Paid
7 10.05.2022 €109.23 €51.01 €160.24 Icon check Paid
8 10.06.2022 €110.23 €50.01 €160.24 Icon check Paid
9 10.07.2022 €111.24 €49.00 €160.24 Icon check Paid
10 10.08.2022 €112.26 €47.98 €160.24 Icon check Paid
11 10.09.2022 €113.29 €46.95 €160.24 Icon check Paid
12 24.09.2022 €138.81 €21.42 €160.23
13 24.09.2022 €4,870.10 €0.00 €4,870.10

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Land
  • Collateral value €11,560.00
  • LTV 54%

Investment Breakdown

Investor Amount
LANDE co-finance -€0.19
Anchor investments €10.37
Investor 1 -€0.19
Investor 2 €80.85
Investor 3 €40.45
Investor 4 €40.45
Investor 5 €40.45
Investor 6 €0.30
Investor 7 €40.45
Investor 8 €40.45
Investor 9 €40.45
Investor 10 €80.85
Investor 11 €404.02
Investor 12 €404.02
Investor 13 €161.64
Investor 14 €40.45
Investor 15 €40.45
Investor 16 €250.48
Investor 17 €0.00
Investor 18 €40.45
Investor 19 €80.85
Investor 20 €323.22
Investor 21 €161.64
Investor 22 €80.85
Investor 23 €0.00
Investor 24 €80.85
Investor 25 €40.45
Investor 26 €121.23
Investor 27 €40.45
Investor 28 €40.45
Investor 29 €80.85
Investor 30 €40.45
Investor 31 €40.45
Investor 32 €40.45
Investor 33 €40.45
Investor 34 €161.64
Investor 35 €40.45
Investor 36 €41.25
Investor 37 €80.85
Investor 38 €40.83
Investor 39 €88.92
Investor 40 €161.64
Investor 41 €80.85
Investor 42 €40.45
Investor 43 €121.23
Investor 44 €40.45
Investor 45 €40.45
Investor 46 €40.45
Investor 47 €40.45
Investor 48 €657.73
Investor 49 -€0.03
Investor 50 €42.06
Investor 51 €40.45
Investor 52 €80.85
Investor 53 €8.12
Investor 54 €20.25
Investor 55 €65.24
Investor 56 €27.77
Investor 57 €8.27
Investor 58 €2.13
Investor 59 €38.15
Investor 60 €40.45
Totals €6,200.00
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