We present a new phased financing project - "Tyrlaukio namai II". The raised funds will be used for the development of real estate. The amount to be raised at this stage is EUR 925000.

About the project owner:
The project owner has experience in real estate development. Implemented different real estate development projects with a total area of 1 775 square meters.

About the project:
The owner of the project has purchased 10 plots of land with a total area of 70.1 acres. It is planned to develop three-apartament houses of 300 square meters each, a total of 1 800 square meters. Currently, the foundations of two three-apartament houses are poured on two plots of land. After the completion of the construction works, the apartments in the three-apartament houses will be sold. The estimated total sales revenue of the project is EUR 2 880 000.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, 10 plots of land with a total area of 70.10 acres are pledged at Tyrlaukio St., Kaunas. According to an independent real estate appraiser, the value of the property pledged to investors is EUR 468 000. 

Maximum planned amount of funding for the project: EUR 1 000 000. 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 100 EUR to 499 EUR – 10.5%
- From 500 EUR to 999 EUR – 11%
- From 1 000 EUR to 4 999 EUR – 11.5%
- From 5 000 EUR to 9 999 EUR – 12%
- From 10 000 EUR – 12.5%
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.