Fully invested

Loan backed with 39,2 ha of arable land

Raised:
83 000.00 €
Goal:
83 000.00 €
Loan number
LT0000039
Interest
12 %
Goal
83 000.00 €
Loan period
34 Months
Risk class
A
Loan type
Working capital loan
Investors
115
Location
Lithuania
Secondary market
Introduction
Detailed Information
Project owner
Project risks
Documents

Secondary market

svg
Prisijungti
Registruotis

Prašome prisijungti arba užsiregistruoti, kad galėtumėte matyti šią informaciją

Introduction

This project provides HeavyFinance investor community with an opportunity to invest in a loan, secured by a first-rank mortgage on 39,2 ha of arable land in Lithuania. 

The project owner Osvaldas Gritėnas started farming in 2007 and has been expanding the farming territory since then. Now the farm declares 248 ha of arable land, has two tractors, a combine harvester among other equipment needed for farming. 

Part of this land is being used to raise sheep. It is a quite uncommon farming activity in Lithuania, however, an increasing number of farmers start raising domestic sheep due to higher prices of lamb in international markets. Furthermore, another part of the land is dedicated for ecological farming. Osvaldas, therefore, receive more money in subsidies because ecological farming is one of the EU supported priorities. 

The funding target for Osvaldas project is €83.000. He is willing to use this money for both debt refinancing and to prepare for the new season. 

Collateral

  • 39,2 ha of arable land. (first-hand mortgage)
  • Value of mortgaged property: €130.600
  • Loan to current asset value ratio: 64%

Interest rate 12%

Detailed Information

svg
Prisijungti
Registruotis

Prašome prisijungti arba užsiregistruoti, kad galėtumėte matyti šią informaciją

Project owner

svg
Prisijungti
Registruotis

Prašome prisijungti arba užsiregistruoti, kad galėtumėte matyti šią informaciją

Project risks

svg
Prisijungti
Registruotis

Prašome prisijungti arba užsiregistruoti, kad galėtumėte matyti šią informaciją

Documents

svg
Prisijungti
Registruotis

Prašome prisijungti arba užsiregistruoti, kad galėtumėte matyti šią informaciją

Investments

No investments found.

Kiti projektai

Loan backed with a tractor Deutz-Fahr Agrotron 6180

Liko investuoti:
11 days 11:28:16
Surinkta:
28 514.00 €
Tikslas:
31 500.00 €
Informacija
Investuoti

Equipment loan for a truck and a tipper semi-trailer

Liko investuoti:
4 days 11:28:16
Surinkta:
23 104.00 €
Tikslas:
23 780.00 €
Informacija
Investuoti

Equipment loan backed with a combine harvester and agricultural implements

Liko investuoti:
0 days 11:28:16
Surinkta:
44 686.00 €
Tikslas:
45 500.00 €
Informacija
Investuoti

Success

svg