Project objective:
The owner of the project is developing a two and four-bedroom dwelling house (6 units in total) on a 0.1207 hectare plot of land with planning permission, with a total floor area of 340 square metres. The semi-detached dwelling will be divided into 4 cottages, two for residential use and two for recreational use, each with an area of 60 square metres. The outbuilding will be subdivided at the end of the construction into two units, which will be registered as recreational and ancillary premises, each with an area of 50 square metres. The apartments will be sold with partial or full finishing. The estimated sales revenue for the whole project is around EUR 960 000.

Project progress:
The project owner has used the funds mobilised in the previous phases to raise the walls of the ground floors of the blocks of flats and semi-detached houses, completely cover the roof, insulate the foundations, and start the exterior facade work. The developer will use the funds raised in this phase to refinance the existing loan, to continue with the window installation and the interior decoration works.

The maximum planned amount of financing for the Project: EUR 300 000 (EUR 236 500 already raised). The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV of 70%. Once the maximum LTV has been reached, a new valuation of the property will be carried out and further rounds of financing for the Project will only be advertised and collected if the maximum LTV is not exceeded. The loan-to-value (LTV) ratio with VAT at this stage is 44%.

Interest by investment amount:
– From EUR 100 to EUR 499 – 11.2%
– From EUR 500 to EUR 1 499 – 11.7%
– From EUR 1 500 – 12.2%
Important: Individual investments are not aggregated and cannot be combined.

We plan to raise the amount within 7 days, with the possibility of extending it to 21 days in the event of non-collection.