Producing and manufacturing premises - bridging loan 12 months

Vilnius, Lithuania

Industrial

€4.600.000

27 Oct 2019

#364

Property Details

#364

17,700 m²

Freehold

12.00 %

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Fees

0.25 %

0.00 %

0.00 %

0.00 %

0.25 %

Investment Overview

Short term property- backed lending opportunity. Minimum €500,000 investment. Purpose: Production warehouse + Office building. Producing and manufacturing premises with two strong tenants in Vilnius, the total area of the buildings is around 17,700 m2. Valuation € 6,980,000 (Ober-Haus 2019 winter). Loan amount: € 4 600 000 Loan term: 12 months Interest rate: 12% Interest payments: Monthly Property value: € 6,960,000 LTV: 65,9 % TENANTS Tennant A, annual turnover € 17,000,000. Premises leased for 10 years, leased area 14. 417 m2 Tenant B, annual turnover € 37,000,000. Leased area 3.260 m2., term of the lease is 5 years LOCATION The property is located in Žarijų str., in the main industrial area in Vilnius. Lots of big international companies have their warehouses and production around, such as Coca-cola, DSV, Maxima and others. Borrower now has a bank loan and wants to refinance it for 12 months , to release capital for other built - to -suit storage project in Vilnius, where strong lease agreement are signed. Borrowers representative has a long time experience in real estate development, as commercial, as residential.

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