• Actual Completion: Construction work on the multi-family residential building, which began in October 2023, is currently halfway complete, reaching a 77% physical completion rate.
• Strong Interest: 8 preliminary purchase agreements have already been signed, with a total contract value including VAT amounting to 716,800 EUR. This indicates a high level of interest in the project and that buyers are ready to invest in it.
• The project owner has invested approximately 16% of their own funds in the project development (around 683,000 EUR), clearly demonstrating their strong commitment and confidence in the project's success.
• All Under One Roof: Two multi-family residential buildings are being developed, offering spacious apartments, terraces, balconies, and bicycle storage - everything needed for comfortable living in a modern city.

Project Goal:
The project owner will allocate the collected funds to the development of two multi-family residential buildings. Seven-story A++ energy class apartment buildings with above-ground parking spaces and bicycle storage are being built. The total area of each building will be 1,186 m². Each building will have 19 apartments (including 8 two-room, 5 three-room, and 6 four-room apartments), with apartment sizes ranging from 37 to 74 m². On the second and fifth floors, it is planned to arrange 4 apartments with balconies, on the 6th floor 2 apartments with terraces, with an area of one apartment reaching 70 - 85 m². On the top, 7th floor - an apartment of 110 m² in area, also with a terrace. In total, the project includes 38 apartments and 41 parking spaces. Apartments are planned to be sold with partial finishing.

Project Progress: 
Work is progressing rapidly: windows and doors have already been installed, electrical and plumbing systems have been laid, underfloor heating is being installed (except for the 6th and 7th floors), concrete floor slabs are being poured, gypsum partitions are being installed in the apartments, and structural plaster is being applied. Glass balconies have also been ordered, a refrigeration system has been installed, and columns and the first-floor slab have been insulated and reinforced. Currently, work is underway to install a pitched roof.

Loan Information:
The sale of all apartments, parking spaces, and bicycle storage will generate revenue of 7,000,000 EUR. This loan will be covered by the proceeds from the sale of the mortgaged property, and interest to investors will be paid from the project owner's operating income.

The maximum planned project financing amount is 3,300,000 EUR (986,000 EUR has already been raised, the funds raised at this stage will be used to settle with the first-stage investors). The project is financed based on the current valuation of the mortgaged property until it reaches the specified maximum loan-to-value ratio (LTV). Upon reaching the maximum LTV, a new property valuation will have to be carried out, and further project financing stages will be announced and collected only if the specified maximum LTV is not exceeded.

Interest by investment amount:
– From 100 EUR to 499 EUR – 8.60%
– From 500 EUR tO 4 999 EUR – 9.10%
– From 5 000 EUR – 9.60%
Important: investments made separately are not aggregated and cannot be pooled.

We plan to raise the amount within 7 days, with the option of extending it to 30 days if we do not raise funds.