• Construction Progress: Since the previous financing stage, significant construction progress has been achieved – construction completion has reached 56–70%, and the main structural and interior installation works have been completed, which significantly reduces the project implementation risk.
• Developer Experience: The project owner’s group of companies has nearly 19 years of experience in real estate development and has implemented projects with a total development area exceeding 7,000 m².
• Increasing Asset Value: Since the previous financing stage, the value of the project’s assets has increased by EUR 644,624.10 and currently amounts to EUR 1,739,669.41.

About the Project: 
The project owner is developing a project of five semi-detached residential houses, “Harmony Homes”, located on Kazio Bizausko Street in Vilnius. The project is being implemented on five separate land plots, with a total of 10 apartments planned. Construction is carried out in stages – part of the buildings have already reached an advanced stage of completion, while works on the remaining units are progressing steadily.

Since the previous financing stage, significant construction progress has been achieved. At addresses K. Bizausko St. 102 / 104 / 106 / 108, Vilnius, semi-detached residential houses (two apartments in each) are registered, with construction completion ranging from 56% to 70% according to the data of the Centre of Registers (according to the internal valuer – 54–62%). The buildings have already had windows and doors installed, internal engineering networks and electrical wiring completed, floors poured, underfloor heating installed in some houses, façade insulation partially or fully completed, and internal staircases concreted.

A dedicated project website has been created – www.harmonyhomes.lt – presenting the project concept, architectural solutions, and planned offer to buyers. The project is planned to be completed to a shell-and-core finish and sold to end buyers. After completion of construction and apartment sales, the total projected project revenue is approximately EUR 2,531,255.

Loan Information: 
The loan will be repaid from apartment sales revenues, while interest to investors will be paid from advance payments or the company’s working capital.

The maximum financing amount: 1 900 000 EUR (EUR 1 171 983 already raised, of this amount, EUR 145,785 was raised by securing the loan with a secondary mortgage.). Please note that the project may also be financed using a second-ranking mortgage. The project is financed based on the current value of the pledged assets until the maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new asset valuation must be carried out, and further financing stages will be announced only if the maximum LTV is not exceeded.

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