We present a new phased financing project “Projektas Melnrageje”. The project owner will allocate the raises funds to the working capital of the company. The amount to be raised is EUR 100 000. This loan will be repay by the company’s operating income and refinancing in another credit institution.
The aim of the project:
The project funds will be allocated to the working capital of the company. The company is engaged in the rental of heavy vehicles and heavy machinery. They are planning to expand their activities, they need working capital to purchase heavy construction and agricultural machinery from Germany and Denmark. The project owner’s plan to acquire, repair, and sell and/or lease excavators, loaders, and other heavy equipment.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, a 227.13 square meter apartment is pledged at Molo st. 71-2, Klaipeda. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 393 000.
Maximum planned amount of funding for the project: EUR 275 000. The project is funded based on the current mortgage valuation until it reaches the maximum LTV set. When maximum LTV is reached, a new valuation of the property will be required and further project funding stages will be announced and collected only if the maximum LTV set is not exceeded.
Interest by investment amount:
– From 100 EUR to 499 EUR – 9.5%
– From 500 EUR to 999 EUR – 10%
– From 1 000 EUR to 2 499 EUR – 10.5%
– From 2 500 EUR to 4 999 EUR – 11%
– From 5 000 EUR – 11,5%
Important: Investments made separately are not aggregated.
We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days without raising funds.