Loan for the acquisition of 3 plots secured by a pledge
Finished: fully repaid!
About the project
With this project, we invite you to invest in the expansion of Lithuanian company Verslo Valstija, UAB. The project is aimed at the acquisition of 3 plots of arable land, which totals to almost 3 hectares. The loan will be secured by a first-hand mortgage on the purchased land.
UAB Verslo Valstija, founded eight years ago, currently uses about 570 ha of land for its activities and has also created over 17 jobs. With a great expansion vision, the farm is actively developing crop production - wheat, rape and barley. Biofuel production and storage services are also provided, which account for about 10% of the company's turnover. In 2021, the company's management expects a profitable season - although a similar area of crops was sown as last year after the modernization of the technical fleet, a higher tonnage per hectare is expected.
The company's heavy machinery fleet consists of several different tractors, a combine, a drill, a cultivator, a telescopic loader, and other equipment necessary for the activities.
This is not the first company project financed on the HeavyFinance platform, the company has been granted loans for 258.470 €. The company fulfils its obligations to investors on time.
Area of land declared: 568.26 ha, all owned.
Security measures of the loan
- 3 plots of land with a total area of 2,9882ha – valued at 15.950€ (according to State Enterprise Centre of Registers).Calf–shed with a total area of 1031,81 m² - valued at 50.600€ ( according to independent valuator 'Marleksa' ).
Value of pledged assets: 66.550€
Loan to current asset value ratio: 69.87%
- 2020: 569.543€ 2019: 365.711 €
- 2020: 16.439€2019: 19.604€
- 2020: 32,54%
The Interest will be paid monthly.