• The mortgaged property is liquid, plots of land with bathhouses on the shores of Lake Margio;
• The developer has experience in real estate and has developed real estate projects of approximately 10 000 sq. m;
• The owner of the project intends to sell the complex after the development has been fully developed and the landscaping has been landscaped, with an estimated sale proceeds of EUR 2 000 000;
• The project owner has already invested EUR 800 000 of his own funds and provides a personal guarantee.

About the project owner:
The developer has developed different real estate projects in Vilnius Uosiu st., Vilniaus Kalno st., Ilgoji st., and is currently completing a two-bedroom apartment project in Juodalaukis, Vilnius district, at Upes st. 5.

About the project:
The owner of the project is developing a sauna complex in Trakai. The project is developing a new sauna complex in Trakai. A new 4x6 metre frame sauna with a 30 sq. m terrace is planned, as well as the reconstruction of 2 log bathhouses, i.e. a three-building complex with pergolas. One of the raster baths has a capacity of 20 people and the frame-smoke bath has a capacity of 25 people. At the same time, the room will have everything you need: steam, accommodation and lounge. The floor area of one house is planned to be 60-180 sq. m. The developer intends to sell the houses with building permits or rent them out, with a projected rental income stream of EUR 24 300 per month for three houses. Interest will be paid to the investors from the project owner's operating income. 

Maximum amount to be financed: EUR 200 000 (already raised EUR 147 138). The project is financed on the basis of the current valuation of the collateral until it reaches the established maximum loan-to-value ratio of 95% LTV. Once the maximum LTV has been reached, a new valuation of the property will have to be carried out and further rounds of financing for the Project will only be advertised and collected if the set maximum LTV is not exceeded

Interest by investment amount:
– From EUR 100 to EUR 249 – 13.50%
– From EUR 250 to EUR 499 – 13.75%
– From EUR 500 to EUR 1 499 – 14.00%
– From EUR 1 500 to EUR 3 499 – 14.25%
– From EUR 3 500  – 14.50%
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.