• Ongoing Construction: A permit for capital renovation has been obtained, and construction has already begun. Important structural stages have been completed, including strengthening of building structures, formation of openings, and installation of balconies. New household and rainwater drainage, cold and hot water supply, as well as electricity and fiber optic inlets have been installed.
• Growing Property Value: Since the previous stage, the value of the pledged property has increased by 570 000 EUR, and currently amounts to 2 240 000 EUR.
• Active Interest: At present, 28 residential, recreational, and creative premises have already been reserved, as well as 10 bicycle storages – representing a significant share of the planned sales.
• Additional Security: UAB “Prefa” – the parent company of UAB “Molėtų oazė” – provides additional surety for the entire loan amount.

Interest according to investment amount:
– From 100 EUR to 299 EUR – 9.00%
– From 300 EUR to 699 EUR – 9.25%
– From 700 EUR to 1 999 EUR – 9.50%
– From 2 000 EUR to 4 999 EUR – 9.75%
– From 5 000 EUR to 9 999 EUR – 10.00%
– From 10 000 EUR to 24 999 EUR – 10.25%
– From 25 000 EUR – 10.50%
Important: Separate investments are not cumulative and cannot be combined.

About the Project:
The project owner – UAB “Molėtų oazė” – has acquired two buildings in Molėtai, at Jaunimo g. 5A: an educational building – a special boarding school – and a catering building – a canteen. The acquired property will be redesigned into a recreational building, and the implementation works have already started.

The project is being developed in one of the most picturesque parts of Molėtai – near Lake Pastovis, surrounded by nature, yet conveniently accessible from the city. The architectural transformation includes merging the buildings, carrying out capital renovation, and changing their purpose into a multifunctional recreational complex that will include residential, creative, and accommodation spaces.

After implementation, the area will become an integral part of Molėtai city, will enrich the supply of residential, recreational, and commercial real estate, and will contribute to sustainable urban development. In 2024, a construction permit was issued for capital renovation, merging of the buildings, and changing their purpose into a recreational building.

The new object, designed as a recreational complex, will include:
16 creative studios, 24 apartments, 16 bicycle storages, and 27 recreational apartments.

Project Progress:
Construction works began in Q1 2025. By November 9, 2025, the main structural works had been completed: strengthening of foundations and building structures, insulation of plinths, formation of openings, completion of demolition of old structures, installation of balconies, and frameworks of inter-apartment partitions. Remaining exterior reinforced concrete structures and masonry works are being completed, and window installation is underway.

New household and rainwater drainage, cold and hot water supply, and electricity and fiber optic inlets have been installed. Installation of new roof structures has begun, preparation for building insulation works is underway, and internal water supply, sewage, and ventilation systems are being installed.

The project owner plans to complete the project by the end of Q3 2026, with notarial sales planned to start from Q2 2026.

At present, 26 preliminary sale–purchase agreements have been signed for residential, recreational, and creative premises, as well as 10 bicycle storages reserved – representing about 42% of the total area planned for sale.

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

The maximum planned project financing amount is 3 500 000 EUR (715 000 EUR already raised).
The project is financed according to the current appraised value of the pledged property until the set maximum Loan-to-Value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation will be carried out, and further financing stages will be announced and raised only if the set maximum LTV is not exceeded.

We plan to raise the targeted amount within 7 days, with the possibility to extend up to 30 days if the funds are not collected.