• Loft quality and design: Lofts of high quality and stylish design can be sold at above-market prices, with sales proceeds of Approximately EUR 4.8 Million for all lofts. 
• Authenticity of the building: Retaining the original façade preserves the historic character and uniqueness of the building.
• The location of the assets to be developed leads to high demand: Naujamiestis is one of the most popular districts in Vilnius to live, work and spend leisure time. It is a popular place to live and work, and is one of the most popular places to live, work and play in the city, and is home to many businesses, shops, restaurants, cafes and entertainment venues, making it a convenient choice for families with children. 
• The shareholders of the company have many years of experience in apartment refurbishment projects, having successfully completed more than 30 projects: This demonstrates that the company has the solid experience and know-how needed to successfully implement a loft sale project.
• Increased confidence, for the full amount of the loan, guaranteed by MB Insta projektai: Surety provides investors with increased confidence in the project as it shows that the guarantor believes in its success and is willing to take on the financial responsibility. 

About the project owner:
The company's shareholders have redeveloped 120 apartments in Vilnius, with a total developed project area of 6 000 m2. A new company has been set up for this project, but the full amount of the loan is guaranteed by MB Insta projektai, an innovative real estate development company based in Vilnius.

About the project:
UAB Elfa Loftai acquires a building - a guest house with a lease on a plot of land in Naujamiestis by auction. The owner of the project will furnish the purchased premises - 60 lofts, furnished to full or partial completion and sold. This loan will be reimbursed from the proceeds of the sale of the project to be developed and the interest will be paid to the investors from the project owner's operating income.

The building is scheduled to be renovated:

• Painting of exterior and interior walls;
• Tiling of floors;
• Renovation of ceiling finishes and lighting;
• Electricity to each loft with separate electricity meters;
• Ventilation system installed;
• Window insulation upgraded;
• Roof sealing works carried out;
• Maintained communal and zoned parking for residents.

Competitive environment:
Naujamiestis remains one of the most popular districts for new construction and conversion projects. The recently opened business centres are home to Vinted, Nord Security, Tesonet and other IT technology companies, whose employees are not only from Lithuania. Seeing the demand for rental housing, new apartment buildings are being built in the district (sales prices EUR 2 900/4 750/m2) and old factories and administrative premises are being converted (sales prices EUR 1 850/2 300/m2).

Interest by investment amount:
– From EUR 100 to EUR 199 – 11.50%
– From EUR 200 to EUR 599 – 12.00%
– From EUR 600 to EUR 1 999 – 12.40%
– From EUR 2 000 to EUR 4 999 – 12.80%
– From EUR 5 000 to EUR 14 999 – 13.20%
– From EUR 15 000 to EUR 29 999 – 13.60%
– From EUR 30 000 – 14.00%
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 21 days if we do not raise funds.