A new staged financing project “Dvibutis Pavilnyje” in Vilnius, the funds of which will be allocated for real estate development. The amount to be collected is EUR 161 000.

The project owner is buying a 15.81-acre plot and two unfinished blocked one-bedroom houses on the plot. The detached houses are 210 square meters, 4 bedrooms, over two floors, with double garages. Prior to the complete finishing, it is necessary to perform plastering and painting of internal walls, installation of floors, installation of ceilings, installation of stairs, electrical inlets, completion of facade installation works and arrangement of well-being. Registered home completion is 82%. In total, it is planned to spend about EUR 90 000 on the works, the duration of the works is 4-5 months.

The project owner intends to complete the construction works and sell the acquired property. The estimated selling price per square meter is 1 500 euros with partial finishing. The planned sales revenue for the whole project is EUR 630 000.

Investors are pledged a 15.81-acre plot of land and two semi-detached buildings-single-family houses, Jakstoniu str. 11 in Vilnius, with a total area of 420.96 square meters. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 425 000.

The project under development is far from the city centre, but in an infrastructurally developed place in Vilnius, Pavilnis. There are many green spaces nearby - Puckoriai Cognitive Trail, Pavilniai Regional Park and Rokantiskes Mound, and the city centre are only 14 minutes away by car or public transport.

The maximum amount funded is EUR 350 000. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV - 70%. Once the maximum LTV is reached, a new valuation of the property will have to be performed and further stages of the Project financing will be announced and collected only if the set maximum LTV is not exceeded. The loan-to-value ratio (LTV) at this stage is 38%

Interest by investment amount:
- From EUR 100 to EUR 999 - 8,5%
- EUR 1 000 to EUR 4 999 - 9%
- EUR 5 000 to EUR 9 999 - 9,5%
- From EUR 10 000 - 10%
Important: investments made separately are not aggregated.

We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days without raising funds.