Funding for "Ciprese"
FG
RO

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Funding for "Ciprese"

€ 6100.00

Make investment

€ 6100.00

Raised of € 6100.00

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Loan

  • Amount € 6100.00
  • Interest rate 10%
  • Term 23m
  • Collateral type Land
  • LTV 47%

Description

This project gives LANDE investors an opportunity to provide an agricultural loan secured by a first-rank mortgage on the real estate “Zvaņi”, Valgundes pag., Jelgavas nov.  in the amount of € 6 100 for farming company Z/S ”Ciprese” (40001017004), to receive loan for purchasing of additional greenhouse for growing vegetables. Price of the greenhouse: EUR 8000. "Ciprese", is a farming company engaged in vegetable growing and selling since 2012.

For this loan annual interest is 10%, LTV 47 %, loan term: 24 months, with a monthly manner of interest and principal payments.

The collateral consists of a land plot with an area of 2,6 ha agricultural land. To secure the claims, arising out of loan agreements, a first-hand mortgage in the amount of € 12 200,00 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 € 13 000 subsequently making loan to collateral value ratio (LTV) – 47 %.

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 € 5000 – 8000 EUR per ha.

Documents

  • Market review of "Zvaņi", Valgundes pag., Jelgavas nov.
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 15.09.2022 € 65.18 € 50.83 € 116.01 Icon check Paid
2 15.10.2022 € 66.11 € 50.28 € 116.39 Icon check Paid
3 15.11.2022 € 67.04 € 49.74 € 116.78 Icon check Paid
4 15.12.2022 € 67.99 € 49.18 € 117.17 Icon check Paid
5 15.01.2023 € 68.96 € 48.61 € 117.57 Icon check Paid
6 15.02.2023 € 69.93 € 48.04 € 117.97 Icon check Paid
7 15.03.2023 € 70.92 € 47.45 € 118.37 Icon check Paid
8 15.04.2023 € 71.93 € 46.86 € 118.79 Icon check Paid
9 15.05.2023 € 72.95 € 46.26 € 119.21 Icon check Paid
10 15.06.2023 € 73.98 € 45.65 € 119.63 Icon check Paid
11 15.07.2023 € 75.03 € 45.04 € 120.07 Icon check Paid
12 15.08.2023 € 76.09 € 44.41 € 120.50 Icon check Paid
13 15.09.2023 € 77.17 € 43.78 € 120.95 Icon check Paid
14 15.10.2023 € 78.26 € 43.14 € 121.40 Icon check Paid
15 15.11.2023 € 79.37 € 42.48 € 121.85 Icon check Paid
16 15.12.2023 € 80.50 € 41.82 € 122.32 Icon check Paid
17 15.01.2024 € 81.64 € 41.15 € 122.79
18 15.02.2024 € 82.79 € 40.47 € 123.26
19 15.03.2024 € 83.97 € 39.78 € 123.75
20 15.04.2024 € 85.16 € 39.08 € 124.24
21 15.05.2024 € 86.36 € 38.37 € 124.73
22 15.06.2024 € 87.59 € 37.65 € 125.24
23 15.07.2024 € 4431.08 € 36.92 € 4468.00

Borrower

  • Country Latvia, LV

Collateral

  • Country Latvia, LV
  • Collateral type Land
  • Collateral value € 13000.00
  • LTV 47%

Investment Breakdown

Investor Amount
Anchor investments € 32.32
Investor 1 € 0.00
Investor 2 € 42.52
Investor 3 € 42.52
Investor 4 € 42.52
Investor 5 € 42.52
Investor 6 € 42.52
Investor 7 € 42.52
Investor 8 € 0.74
Investor 9 € 42.52
Investor 10 € 42.52
Investor 11 € 42.52
Investor 12 € 42.52
Investor 13 € 42.52
Investor 14 € 42.52
Investor 15 € 0.00
Investor 16 € 42.52
Investor 17 € 42.52
Investor 18 € 51.02
Investor 19 € 0.00
Investor 20 € 42.52
Investor 21 € 212.26
Investor 22 € 212.26
Investor 23 € 42.52
Investor 24 € 42.52
Investor 25 € 42.52
Investor 26 € 42.52
Investor 27 € 42.52
Investor 28 € 42.52
Investor 29 € 42.52
Investor 30 € 42.52
Investor 31 € 42.52
Investor 32 € 42.52
Investor 33 € 42.52
Investor 34 € 42.52
Investor 35 € 42.52
Investor 36 € 42.52
Investor 37 € 42.52
Investor 38 € 42.52
Investor 39 € 42.52
Investor 40 € 42.52
Investor 41 € 42.52
Investor 42 € 424.45
Investor 43 € 42.52
Investor 44 € 848.83
Investor 45 € 84.96
Investor 46 € 42.52
Investor 47 € 42.52
Investor 48 € 42.52
Investor 49 € 42.52
Investor 50 € 42.52
Investor 51 € 42.52
Investor 52 € 0.00
Investor 53 € 42.52
Investor 54 € 42.52
Investor 55 € 42.52
Investor 56 € 49.68
Investor 57 € 42.52
Investor 58 € 42.52
Investor 59 € 42.52
Investor 60 € 42.52
Investor 61 € 42.52
Investor 62 € 42.52
Investor 63 € 212.26
Investor 64 € 42.52
Investor 65 € 42.52
Investor 66 € 42.52
Investor 67 € 84.96
Investor 68 € 42.52
Investor 69 € 169.84
Investor 70 € 42.52
Investor 71 € 42.52
Investor 72 € 42.52
Investor 73 € 42.52
Investor 74 € 42.52
Investor 75 € 0.00
Investor 76 € 17.06
Investor 77 € 6.87
Investor 78 € 32.32
Investor 79 € 0.00
Investor 80 € 43.47
Investor 81 € 43.47
Investor 82 € 42.52
Investor 83 € 9.48
Investor 84 € 11.01
Investor 85 € 48.57
Investor 86 € 19.42
Investor 87 € 9.74
Investor 88 € 41.78
Totals € 6098.94