The pledging of the property complex is a relatively new and not widely used means of security in the Lithuanian financing market, but it is an excellent alternative means that allows a small or medium-sized business to borrow without having any real estate that could be used to secure the financing transaction.
In the case of pledging of a property complex , the company's assets consisting of movable property, such as stocks, equipment, claim rights to receivables or the like, are pledged. Although the composition of the asset complex is constantly changing , the minimum maintenance value determined by FinoMark must be maintained throughout the contract period.
The main advantage of this collateral is that if the project owner becomes insolvent, FinoMark, as a representative of the investors, is not included in the list of pending creditors. A foreclosure is directed against the subject matter of the primary mortgage, such as inventory, account balances, receivables, or other property held by the project owner.