• High energy class: 6 A+ energy class dwellings are being built, which are highly cost-effective and save on heating and cooling costs. A+ also means a lower environmental impact and greater comfort for residents.
• Company experience: The company was set up specifically for this project and its team is fully committed to its success. The shareholders of the company have developed 5 residential projects with a total area of about 500 m².
• Quiet area: the property is located in a quiet area of the southern part of Palanga, far away from the hustle and bustle of the city centre. It is the perfect place for those who want to escape the noise and enjoy the tranquility of nature.
• Close to the sea: The Baltic Sea beach is just 600 m from the property. It is a perfect place for relaxation, swimming, sunbathing and various water activities.

Project Objective:
The project owner is developing a twin house and a four-house on a 0.1207 ha plot of land (total of 6 property units), with a total residential area of 384 m². The twin house will be divided into 4 cottages, two residential and two recreational, each with an area of 60 m². The outbuilding will be divided into two property units at the end of construction, which will be registered as recreational and ancillary farm premises, each with an area of 50 m². The apartments will be sold with partial finishing. The total sales revenue for the project is planned to be around EUR 560 000. This loan will be repaid from the proceeds of the sale and the interest will be paid to the investors from the operating income of the project owner.

Project progress:
With funds accumulated from previous stages, the project owner has erected the first-floor walls of the four-unit and two-unit houses, fully covered the roof, insulated the foundation, and prepared the facade for finishing. Currently, the houses are being clad with clinker bricks, interior finishing work has begun, and windows are being installed. The developer will allocate the funds raised during this stage to settle accounts with investors in the third and fourth stages and to continue further construction work.

The maximum amount to be financed: EUR 224 000 (Existing active portfolio of EUR 224 000, EUR 62 500 have been repaid, this phase aims at settling the Phase III and Phase IV investors). 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 44% 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 199 – 11.00%
– From EUR 200 to EUR 499 – 11.50%
– From EUR 500 to EUR 1 999 – 12.00%
– From EUR 2 000 to EUR 4 999 – 12.50%
– From EUR 5 000 – 13.00%
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 30 days if we do not raise funds.