• Construction in Full Swing: A permit for capital renovation has been obtained, and construction has already begun. Important structural stages have been completed, including reinforcement of building structures, formation of openings, and preparation for new building structures.
• Experienced Developer: The company’s shareholders and owners have completed more than 2 500 m² of real estate projects and currently manage about 7 500 m² of various types of real estate.
• Active Interest: Currently, 22 residential, recreational, and creative-use premises have already been reserved, along with 9 bicycle storage units – this constitutes a significant portion of planned sales.
• Additional Guarantee: UAB “Prefa” – the parent company of UAB “Molėtų oazė” – provides an additional guarantee for the full loan amount.

About the Project:
The project owner – UAB “Molėtų oazė” – acquired two buildings in Molėtai, at Jaunimo g. 5A: a science-purpose building – a special boarding school – and a catering-purpose building – a canteen. The acquired property will be repurposed into a recreational building, with development works already started.

The project is being developed in one of the most picturesque areas of Molėtai – near Lake Pastovis, surrounded by nature, yet in a conveniently accessible part of the city. The architectural transformation includes merging buildings, capital renovation, and changing their purpose into a multifunctional recreational complex that will include residential, creative, and accommodation spaces. Once implemented, the area will become an integral part of Molėtai city, expand the supply of residential, recreational, and commercial real estate, and contribute to sustainable urban development.

In 2024, a construction permit was issued for capital renovation, merging of buildings, and changing their purpose to recreational use. The newly designed object, created as a recreational complex, will include:

• 16 creative studios,
• 27 apartments,
• 16 bicycle storages,
• 27 accommodation units (19 of which are apartments and 8 – youth hostel rooms).

Project progress:
Construction works began in Q1 2025. By September 8, 2025, the main structural construction works have already been completed: strengthening of the foundations and building structures, formation of openings, demolition of old structures, installation of balconies, and the start of installation of inter-apartment partition frames. New household and rainwater sewage systems, cold and hot water supply, as well as electricity and fiber optic inlets have been installed. Masonry works are being completed, window installation has started, and the remaining outdoor reinforced concrete structures are underway.

The project owner plans to complete the project by the end of Q3 2026, with notarial sales expected to begin in Q2 2026. At present, 22 preliminary purchase–sale agreements have already been concluded for residential, recreational, and other premises (creative studios), and 9 bicycle storage units have been reserved, which amounts to about 36% of the preliminarily sold property area.

Loan Information:
The loan will be repaid from property sale revenue, which is projected to reach 6 172 074 EUR excluding VAT, and interest for investors will be paid from advance payments.

Maximum planned project financing amount: 3 500 000 EUR (500 000 EUR already raised).The project is financed based on the current appraised value of the pledged property until the maximum loan-to-value (LTV) ratio is reached. Upon reaching the maximum LTV, a new property valuation must be conducted, and further project financing stages will be announced and raised only if the maximum LTV is not exceeded.

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