• Significant Investment: The project owner has already invested approximately EUR 1,150,000 of their own funds into acquiring land plots. This clearly demonstrates the developer's commitment to this project and its successful completion.
• Construction Underway: Construction of the project is progressing rapidly. Work has already begun on 14 semi-detached houses; masonry work has commenced, and walls have been erected. Windows have been installed in 4 semi-detached houses, and exterior facade work has started on 2.
• Additional Assurance: The entire loan is guaranteed by UAB Somaris, a company with 6 years of experience in real estate and a track record of developing over 3,000 m² of real estate.
• Clear Project Plan: The project will develop 43 semi-detached houses to a partial finish, with each unit measuring approximately 103 m². The total built-up area is estimated at 8,858 m². The projected total sales revenue for the entire project is approximately EUR 18,000,000 including VAT.

About the Project Owner: 
The company has been operating for 8 years, specializing in logistics, brokerage services, and the construction of detached and semi-detached houses. The company has experience in the construction sector of 1,000 m² (approximately 5 completed residential projects). The company financed one project called "Namai Bališkių pušyne" (Homes in Bališkių Pine Forest). The project was successfully completed, and investors were paid on time.

About the Project:
The project owner is developing a residential housing estate in the Vilnius district, on Bitininkų Street. The developer has acquired 50 land plots where they intend to develop 43 semi-detached houses. Each apartment in the semi-detached houses will be approximately 103 m², and the total project area is about 8,858 m². The project owner will finish the semi-detached houses to a partial state and sell them. The first construction phase will include 12 semi-detached houses. The projected total sales revenue for the entire project is EUR 15,000,000 excluding VAT. The loan will be covered by the project's sales revenue, and interest to investors will be paid from the project owner's operating income.

Project Progress:
Since the last stage, construction of 14 semi-detached houses has been progressing rapidly, with masonry work starting and walls being erected. Windows have been installed in 4 semi-detached houses, and exterior facade work has started on 2. At this stage, 4 new valuations of semi-detached houses have been submitted, and the property value has increased to EUR 419,200 including VAT. The housing estate is fenced with a metal picket fence with a concrete base, the terrain is being leveled, roads are being built, and there are video surveillance cameras with perimeter alarms in the southern and northern parts of the territory. The estate is planned with internal paved roads and street lighting. The estate will have a children's playground with a green area.

Maximum Planned Project Financing: EUR 5,000,000 (already collected EUR 744,000). The project is financed according to the current valuation of the collateralized property until it reaches the set maximum loan-to-value ratio (LTV) of 70%.Upon reaching the maximum LTV, a new property valuation will have to be carried out, and further project financing stages will be announced and collected only if the set maximum LTV is not exceeded.

Interest by investment amount:
– From 100 EUR to 249 EUR – 9.20%
– From 250 EUR to 499 EUR – 9.70%
– From 500 EUR to 1 999 EUR – 10.20%
– From 2 000 EUR to 6 999 EUR – 10.70%
– From 7 000 EUR – 11.20%
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 30 days if we do not raise funds.