• Located in a tranquil setting: A mere 10-minute stroll from the heart of Druskininkai, this hotel offers the perfect retreat for those seeking an escape from the city's clamor while remaining close to all the key attractions.
• Resort environment: Nestled amidst forests and shimmering lakes, Druskininkai offers the perfect escape for a nature-filled retreat. The resort boasts a wealth of sanatoriums and spa centers, where you can indulge in a wide array of therapeutic and wellness treatments.
• 12 apartments will be divided into 18 separate property units: Renovating the apartments and dividing them into smaller units will increase their selling price. In this case, the projected sales proceeds are EUR 790 000.
• Higher revenue: Short-term rentals are particularly attractive in tourist areas where demand fluctuates. Renting out 12 apartments on a short-term basis can generate EUR 200 000 per year.

About the project:
The project owner is purchasing 79/100 of the premises of the "Inza" hotel. The acquired premises have a total of 18 apartments, 2 massage rooms and unfinished basement premises. There are 2 quadruple apartments, which are planned to be divided into 4 smaller apartments. The massage rooms are also planned to be converted into apartments. The basement part is planned to be converted into storage rooms. In total, it is planned to have 24 apartments and 18 storage rooms.After the renovation works are completed, the developer plans to sell the premises. In the first year, it is planned to sell 12 apartments and 9 storage rooms. It is also planned to rent out apartments for short-term rent until they are sold. The expected sales revenue is around EUR 726 000. This loan will be repaid from sales proceeds, and interest will be paid to investors from the project owner's operating income.

The maximum financed amount: EUR 279 500. The project is financed on the basis of the current valuation of the collateral until it reaches the established maximum loan-to-value ratio of 49% LTV. Once the maximum LTV has been reached, a new valuation of the property will have to be carried out and further rounds of financing for the Project will only be advertised and collected if the set maximum LTV is not exceeded.

Interest by investment amount:
– From EUR 100 to EUR 249 – 11.50%
– From EUR 250 to EUR 499 – 12.00%
– From EUR 500 to EUR 1 999 – 12.50%
– From EUR 2 000 to EUR 6 999 – 13.00%
– From EUR 7 000 – 13.50%
Important: investments made separately are not aggregated and cannot be pooled.

We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.