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Producing and manufacturing premises - bridging loan 12 months
Producing and manufacturing premises - bridging loan 12 months
Producing and manufacturing premises - bridging loan 12 months
Producing and manufacturing premises - bridging loan 12 months

Producing and manufacturing premises - bridging loan 12 months

Vilnius, Lithuania

B63%

Industrial

€4.600.000

16 Feb 2020

#364

Property Details

17,700 m²

Leasable area

259

12.00 %

2

Freehold

Senior loan

X

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 % 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.

X

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