• Clear Project Plan: The project develops 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.
• 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.
• Project value increase: The project value increased to 3.4 million EUR within 3 months.
• 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.

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 14 semi-detached houses.

Project Progress: 
The project is moving forward at a fast pace. 13 of the 14 semi-detached houses, which have started construction, are now registered. Masonry and roofing are complete on 13, with 4 already having the clinker installed. Six new valuations have been submitted, bringing the total property value to EUR 735,000 including VAT.

Loan information: 
The developer seeks to obtain a loan for real estate development. Upon completion of the project, the semi-detached houses will be sold. The expected total sales revenue for the project is EUR 18,000,000 including VAT. The loan will be repaid from the project's sales revenue, and interest to investors will be paid from the project owner's operating income.

This project is financed in stages. The maximum funding amount is EUR 5,000,000 (EUR 1,423,056 has already been raised). The project is financed based on the current valuation of the collateral until the maximum Loan-to-Value (LTV) ratio is reached. Upon reaching the maximum LTV, a new property valuation must be carried out, and further project financing stages will be announced and collected only if the maximum LTV is not exceeded.

Interest by investment amount:
– From 100 EUR to 299 EUR – 8.60%
– From 300 EUR to 799 EUR – 9.10%
– From 800 EUR to 3 999 EUR – 9.60%
– From 4 000 EUR to 14 999 EUR – 10.10%
– From 15 000 EUR – 10.60%
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.