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Žirgynas

Profitus
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100 %
  • Status funded
  • Goal 35,000 EUR (€)
  • Raised 35,000 EUR (€)
  • Investors 99
  • Interest rate 8%
  • Loan To Value(LTV) 25%
  • Credit Duration 18 month

We present a new staged financing project “Zirgynas”. Funds for this phase will be used to improve the condition of the building and environmental management works. The amount to be raised is EUR 35 000.

The aim of the project:
The owner of the project installed a children’s playground in Zirgynas from the received support, replaced the windows in part of the building, installed a separate grandstand for the spectators in the manege, and arranged the ceiling of the manege. The owner will allocate funds for this stage to improve the condition of the building. Will replace the remaining windows, build a wooden wall on a special foundation installed on it. It will also arrange the facade roofs and the lining of the riding ground. This loan will be covered by the company’s operating income. Estimated revenue EUR 93 840.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors 771.98 square meters of administrative building, 1,890.71 square meters of riding arena, 32 acres of commercial land and 31.98 acres of land lease are pledged at Zirgyno st. 4 and 6, Triobiskiu village, Marijampole district. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 283 000.

Maximum planned amount of funding for the project: EUR 70 000. 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. LTV at this stage – 13%.

Interest by investment amount:
– From 100 EUR to 499 EUR – 8%
– From 500 EUR to 999 EUR – 8,5%
– From 1 000 EUR – 9%
Important: investments made separately are not aggregated.

We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.

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