Vejo butas
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We present a new financing project – „Vejo butas“. The project owner will use the funds to refinance the existing loan and for working capital. The amount to be raised is EUR 136 500.
About the neighbourhood where the apartment is located:
J7 Berzas kvartalas is a well-designed, individually adapted home in Monciskes. The development has a communal lounge area with a sauna and heated outdoor swimming pool, barbecue area and a cinema in the dome.
About the project:
In December 2022, the owner of the project purchased a 61.21 square metres apartment with a part of the land plot for short-term rent in Palanga. The apartment is on two floors, with a shared kitchen and living room area on the ground floor and two bedrooms on the first floor. The project owner custom-made the furniture to fit the apartment, selected and installed the appliances and equipment needed for comfortable living. The rental income stream generated from the beginning of 2023 until 30 September 2023 was EUR 2 595. The refinancing of the project was foreseen and taken into account in the company’s cash flow planning. This loan will be covered by the refinancing bank.
Risk category (probability of default) of this project: 10/12.
We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.
