We present the fourth stage of the staged financing project "Sergiskiu namai". Funds raised at this stage will be used for further development of the real estate. The amount to be raised is EUR 56 000.

The aim of the project:
The project owner is developing 4 semi-detached houses (8 property units in total) with a total area of 616 square meters at Sergiskiu st. 22 and 24, Palanaga. The area of each apartmanet in semi-detached house will be 77 square meters. The sale price of one apartment in a semi-detached house is planned to be EUR 230 000. The sales revenue of the whole project is planned to be about EUR 1 850 000.

Progress of the project:
Since the beginning of the financing of the project, the real estate developer has completely completed the masonry works - currently the walls of all four semi-detached houses, both on the first and second floors have been bricked, ceilings have been installed, and monolithic rings have been cast. Also, the windows and doors of all two-apartment houses have already been installed, and the roofs of some of the houses have been covered. According to the data of the Registry Center, the registered completion rate of semi-detached houses is currently 39%.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, two plots of land with a total area of 20.42 ares, with the four semi-detached houses registered and started to be built are pledged at Sergiskiu st. 22 and 24, Palanga. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR  520 000.  

Maximum planned amount of funding for the project: EUR 800 000. The project is funded based on the current mortgage valuation until it reaches the maximum LTV set. When maximum LTV is reached, a new valuation of the property will be required and further project funding stages will be announced and collected only if the maximum LTV set is not exceeded.

Interest by investment amount:
- From EUR 100 to EUR 499 - 10%
- From EUR 500 to EUR 999 - 10,5%
- From EUR 1 000 to EUR 2 499 - 11%
- From EUR 2 500 to EUR 4 999 - 11,5%
- From EUR 5 000 - 12%
Important: investments made separately are not aggregated.

We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days without raising funds.