• Construction progress: A significant part of both the design and construction work has already been completed – from structural inspections and reinforcements, masonry restoration work, to the installation of utility system connections and upgrading the energy efficiency rating to A++.
• Increased asset value: since the previous stage, in less than 6 months, the pledged asset value has increased by more than 500 000 EUR.
• Strategic location: the project is being developed in the central part of Druskininkai – next to cultural and leisure facilities such as the Druskininkai Water Park, the Cable Car and the Cultural Centre, ensuring high property liquidity and attractiveness to buyers.

Interest rates depending on investment amount:
– From 100 EUR to 299 EUR – 8.00%
– From 300 EUR to 749 EUR – 8.30%
– From 750 EUR to 2 999 EUR – 8.60%
– From 3 000 EUR to 9 999 EUR – 8.90%
– From 10 000 EUR to 24 999 EUR – 9.20%
– From 25 000 EUR – 9.50%
Important: separate investments are not added up and cannot be combined.

About the Project:
The project owner acquired a 15.67 ares land plot in a multi-apartment area with an unfinished building – a guest house, located in Druskininkai, Žalioji st. 11, and is currently continuing its development. The goal is to complete the construction and change the purpose of the building to a multi-apartment residential house.

The project foresees the installation of 21 apartments with full finishing, as well as 14 underground and 7 above-ground parking spaces (one per apartment) and 16 storage rooms. The total saleable area will be 1081 m².

Since the previous stage, significant progress has been made: building structural expertise and design have been completed, installation of elevator, air conditioning and recuperation systems has started, and solutions have been prepared for upgrading the energy class to A++. Masonry reconstruction, steel structure installation, foundation reinforcement, water supply and sewage installation have been carried out, as well as building cleaning and disinfection.

At the same time, 3D visualizations are being prepared, a project website is under development, and sales material is being prepared for one of the largest and most reliable real estate agencies in Lithuania – Ober-Haus. The project owner plans to start sales only when a fully completed product is presented to the market. The planned apartment sales price is 3 243 540 EUR (excluding VAT) or 3 000 EUR/m² (excluding VAT).

The building is being developed in the central part of Druskininkai, next to the Druskininkai Cultural and Congress Centre, the Druskininkai Water Park, the Cable Car to the Druskininkai Snow Arena and the newly built Nemunas building.

Loan information:
The loan will be repaid from the sales proceeds of apartments, storage rooms and parking spaces. Interest to investors will be paid from the operating income of the company’s shareholder.

Maximum financed amount: 1 600 000 EUR (390 400 EUR already raised). The project is financed according to the current pledged asset valuation until the maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new asset valuation must be performed, and further project financing stages will be announced and raised only if the set maximum LTV is not exceeded.

The targeted amount is planned to be collected within 7 days, with the possibility to extend up to 30 days if the funds are not raised.