Agricultural loan “Ozoli”, Ērgļu parish, Madonas region
FG

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Agricultural loan “Ozoli”, Ērgļu parish, Madonas region

€14,500.00

Make investment

€14,500.00

Raised of €14,500.00

Icon check Project is fully funded

Loan

  • Amount €14,500.00
  • Interest rate 11%
  • Term 23m
  • Collateral type Land
  • LTV 48%

Description

This project provides LendSecured investors with an opportunity to finance an agricultural loan secured by a first rank mortgage on the real estate “Ozoli”, located in Ērgļu parish, Madonas region for a farm owner. The funding target for this project is € 14 500.00, which will be used for working capital.

This project gives an opportunity to make a loan with an annual rate of 11%, LTV of 48%, loan term of 24 months, with monthly manner of interest and principal payments.

The collateral consists of a land plot with a total area of 15.9 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 € 29 000.00 will be registered on the collateral in the Land Register of Latvia.

The current market value of the collateral is estimated at € 30 500.00 subsequently making loan to collateral value ratio (LTV) - 48%.

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 keep increasing, on average being € 2 140 per ha.

Borrower is an owner of a farm focused on providing veterinary services. Borrower is seeking funds to provide working capital. Borrower aims to repay the loan from incoming business revenues. Borrower’s farm 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

The loan repayment schedule is informative and can be subject to change.
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 15.11.2021 €66.82 €132.92 €199.74 Icon check Paid
2 15.12.2021 €67.44 €132.30 €199.74 Icon check Paid
3 15.01.2022 €68.05 €131.69 €199.74 Icon check Paid
4 15.02.2022 €68.68 €131.06 €199.74 Icon check Paid
5 15.03.2022 €69.31 €130.43 €199.74 Icon check Paid
6 15.04.2022 €69.94 €129.80 €199.74 Icon check Paid
7 15.05.2022 €70.58 €129.16 €199.74 Icon check Paid
8 15.06.2022 €71.23 €128.51 €199.74 Icon check Paid
9 15.07.2022 €71.88 €127.86 €199.74 Icon check Paid
10 09.08.2022 €13,876.07 €102.58 €13,978.65 Icon check Paid

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Land
  • Collateral value €30,500.00
  • LTV 48%

Investment Breakdown

Investor Amount
Anchor investments -€18.59
Investor 1 €0.00
Investor 2 €0.00
Investor 3 €0.00
Investor 4 €0.04
Investor 5 €0.00
Investor 6 €0.00
Investor 7 €0.00
Investor 8 €0.00
Investor 9 €0.00
Investor 10 €0.00
Investor 11 €0.00
Investor 12 €0.00
Investor 13 €0.00
Investor 14 €0.00
Investor 15 €0.00
Investor 16 €0.00
Investor 17 €0.00
Investor 18 -€0.39
Investor 19 €0.00
Investor 20 €0.00
Investor 21 €0.00
Investor 22 €0.00
Investor 23 €0.00
Investor 24 €0.00
Investor 25 €0.00
Investor 26 €0.00
Investor 27 €0.00
Investor 28 €0.00
Investor 29 -€0.46
Investor 30 €0.00
Investor 31 €0.00
Investor 32 €0.00
Investor 33 €0.00
Investor 34 €0.00
Investor 35 €0.00
Investor 36 €0.00
Investor 37 €0.00
Investor 38 €0.00
Investor 39 €0.00
Investor 40 -€0.79
Investor 41 -€5.62
Investor 42 -€13.02
Investor 43 €0.00
Investor 44 €0.00
Investor 45 -€0.48
Investor 46 €0.00
Investor 47 €0.05
Investor 48 €0.00
Investor 49 €0.00
Investor 50 €0.00
Investor 51 €0.00
Investor 52 €0.00
Investor 53 €0.00
Investor 54 €0.00
Investor 55 €0.00
Investor 56 €0.00
Investor 57 €0.00
Investor 58 €0.00
Investor 59 -€2.27
Investor 60 €0.00
Investor 61 €0.00
Investor 62 €0.00
Investor 63 €0.00
Investor 64 €0.00
Investor 65 €0.00
Investor 66 €0.00
Investor 67 €0.00
Investor 68 €0.00
Investor 69 €0.00
Investor 70 -€0.22
Investor 71 €0.00
Investor 72 €0.00
Investor 73 €0.00
Investor 74 €0.00
Investor 75 €0.00
Investor 76 €0.00
Investor 77 €0.00
Investor 78 €0.00
Investor 79 -€4.13
Investor 80 -€1.17
Investor 81 €0.00
Investor 82 €0.00
Investor 83 €0.00
Investor 84 €0.00
Investor 85 €0.00
Investor 86 €0.00
Investor 87 €0.00
Investor 88 €0.00
Investor 89 -€0.51
Investor 90 €0.00
Investor 91 €0.00
Investor 92 €0.00
Investor 93 €0.00
Investor 94 €0.00
Investor 95 -€0.23
Investor 96 €0.00
Investor 97 €0.00
Investor 98 €0.00
Investor 99 €0.00
Investor 100 €0.00
Investor 101 €0.00
Investor 102 €0.00
Investor 103 -€0.10
Investor 104 -€0.11
Investor 105 €0.00
Investor 106 €0.00
Investor 107 €0.00
Investor 108 €0.00
Investor 109 €0.00
Investor 110 €0.00
Investor 111 €0.00
Investor 112 €0.00
Investor 113 €0.00
Investor 114 €0.00
Investor 115 €0.00
Investor 116 €0.00
Investor 117 €0.00
Investor 118 €0.00
Investor 119 €0.00
Investor 120 €0.00
Investor 121 €0.00
Investor 122 €0.00
Investor 123 €0.00
Investor 124 €0.00
Investor 125 €0.00
Investor 126 €0.00
Investor 127 €0.00
Investor 128 €0.00
Investor 129 €0.00
Investor 130 €0.00
Investor 131 €0.00
Investor 132 €0.00
Investor 133 €0.00
Investor 134 €0.00
Investor 135 €0.00
Investor 136 €0.00
Investor 137 €0.00
Investor 138 €0.00
Investor 139 €0.00
Totals €14,123.48

Latest comments

Pls advise on the overdue payment.
Skipiol Artur
29.11.2021
The repayments on this loan still seem to be overdue, what is the status of this?
Chalmers Colin
07.12.2021
What are the next steps here? Would be nice, to get more information.
Hammer Marc
17.12.2021
Your advise on the overdue payment here will be much appreciated.
Skipiol Artur
22.12.2021
Unfortunately the borrower has been hospitalised, and we're working on solution for delayed payments. We will update you about this situation after new year.
LANDE
23.12.2021
The borrower has been contacted, the borrower has till Monday 21st of February to make payment, or debt collection process will begin.
LANDE
18.02.2022
Any update with this loan?
Benediktavicius Algimantas
03.03.2022
The warning notice has been sent to the borrower, he has time until 31st of March to cover the late payments. If the borrower fails to do so, we will initiate proceedings in court to recover the loan.
LANDE
10.03.2022
any news?
Coppola Andrea
12.04.2022
Let me guess, the borrower will get a "last chance" to pay...
Pfefferle Marcel
13.04.2022
any news?
SPRECHINO ANTONIO
13.04.2022
Any update?
Mittelmaier Max
20.04.2022
Regarding this loan, we can start proceeding in court from the 8th of May, which will be 60days after the borrower received the notice, which is in line with still active COVID-19 financial regulations.
LANDE
25.04.2022
Did you procced in the meantime in court? If yes are there no news from the court?
Horni Jan
06.08.2022
Hello, Borrower has provided us with copies of loan agreement she concluded. With the funds she will receive as a loan, she will cover the delayed LANDE loan and project will be closed. Documentation, including notary documents, had been signed on 21.07.2022. Pending public announcement of rights' transfer in land register until 15.08.202
LANDE
08.08.2022
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