Loan 9497567-01 - Business Loan Latvia

Loan Details

Loan Type Business Loan
Loan Amount € 35 700.00
Remaining Principal € 35 700.00
Effective APR charged to borrowers 19.9%
Interest Rate 11.2%
Initial LTV 98%
LTV 98%
Initial Term 12 m. 8 d.
Remaining Term 7 m. 30 d.
Amortization Method Partial
Listing Date 07.02.2019
Date of Issue 07.02.2019
Closing Date 15.02.2020
Status Grace Period
loading

Loan Originator Details

Loan Originator
Legal Entity
SE Capitalia

Invest

Available
€ 4.68
  • Borrower and Collateral
  • Payment Schedule
  • Investment Breakdown
  • Borrower and Collateral Details

    Loan PurposeExpansion financing
    BorrowerCompany
    Business sectorForestry and logging
    DescriptionCompany is in the business of acquiring forest properties, felling them and selling the resulting land. Management of the company has over 25 years of experience in this business. Company is repeat client of Capitalia with excellent payment history.
    Estimated annual default rate 1.2
    Collateral Forest land 28ha "Svikļi", Mākoņkalna municipality, Rēzeknes district, cadastre nr. 78720050056 (Mākoņkalna municipality's land registry nr. 100000032175)
    Country Latvia
    Valuation€ 36 400 / 07.02.2019
    Personal guarantee yes
    Risk category A
  • DatePrincipal Interest TotalPayment ReceivedPayment DateStatus
    15.03.2019 € 0.00 € 399.84 € 399.84 € 399.84 19.03.2019 Paid
    15.04.2019 € 0.00 € 344.31 € 344.31 € 344.31 16.04.2019 Paid
    15.05.2019 € 0.00 € 333.20 € 333.20 € 333.20 16.05.2019 Paid
    15.06.2019 € 0.00 € 344.31 € 344.31 Scheduled
    15.07.2019 € 4 211.12 € 333.20 € 4 544.32 Scheduled
    15.08.2019 € 4 280.60 € 303.69 € 4 584.29 Scheduled
    15.09.2019 € 4 351.23 € 262.41 € 4 613.64 Scheduled
    15.10.2019 € 4 423.03 € 213.33 € 4 636.36 Scheduled
    15.11.2019 € 4 496.01 € 177.79 € 4 673.80 Scheduled
    15.12.2019 € 4 570.19 € 130.09 € 4 700.28 Scheduled
    15.01.2020 € 4 645.60 € 90.35 € 4 735.95 Scheduled
    15.02.2020 € 4 722.22 € 45.54 € 4 767.76 Scheduled
  • loading