• Construction progress: The capital renovation of the premises is already well underway – a significant portion of the work has been completed: spaces have been formed, mezzanines are being finalized, the HVAC system has been installed, main utilities have been laid out, staircases have been renovated, internal walls are being prepared, windows have been replaced, interior doors have been ordered, and floors are prepared for concreting.
• Liquid asset: The project is being developed in a strategically convenient location – Europos Ave. 70, Kaunas. This is a rapidly developing part of the city, which ensures high attractiveness and liquidity of the asset.
• Reserved units: 47 out of 63 apartments and creative studios have already been reserved. Additionally, a 12-year lease agreement has been signed with the main tenant on the second floor – one of the largest gym chains in Lithuania.

Interest rates based on investment amount:
– From 100 EUR to 299 EUR – 7.80%
– From 300 EUR to 699 EUR – 8.00%
– From 700 EUR to 2 499 EUR – 8.20%
– From 2 500 EUR to 6 999 EUR – 8.40%
– From 7 000 EUR – 8.60%
Important: individual investments are not aggregated and cannot be combined.

About the Project:
The project owner at Europos Ave. 70, Kaunas, has acquired a four-storey industrial building with a current total area of 8,005.19 m². The goal is to carry out a capital renovation and increase the total area to 9,345.84 m². After renovation, the building will be adapted for both rental and sale according to the intended use of the premises.

According to the project, apartments will be installed on the fourth floor, creative studios and lofts on the third floor, and the premises on the first and second floors will be designated for rent. The second floor is already fully leased – a 12-year lease agreement has been signed with one of the largest gym chains in Lithuania. Currently, 47 out of 63 unit sale agreements have already been signed. The project also includes plans to install 80 parking spaces.

Since the start of financing, a significant portion of work has been completed on-site. Currently, spaces have been formed, mezzanines are being finalized, the HVAC system has been installed, main utilities have been laid out, staircases have been renovated, internal walls are being prepared, windows have been replaced, interior doors have been ordered, and floors are ready for concreting.

In addition, the developer has leased part of an adjacent land plot from the municipality, which is strategically important for installing an additional parking area. Two new preliminary loft purchase-sale agreements have also been signed.

The funds raised will be used to complete the capital renovation works and adapt the building for rental and sale.

Loan information:
The loan will be repaid from real estate sales and rental income, while interest will be paid from the company’s working capital or rental income. The projected total project income from sales and rental amounts to 10 938 721 EUR. If necessary, loan refinancing would be possible.

The maximum planned project financing amount is EUR 4,820,000 (EUR 3,400,000 already raised). The project is financed based on the current valuation of the pledged asset until the maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation must be carried out, and further financing stages will only be announced and executed if the maximum LTV is not exceeded.

The targeted amount is planned to be raised within 7 days, with the possibility to extend up to 30 days if funds are not collected.