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Antakalnio ritmas IX

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100 %
  • Status funded
  • Goal 110,000 EUR (€)
  • Raised 110,000 EUR (€)
  • Investors 279
  • Interest rate 9%
  • Loan To Value(LTV) 70%
  • Credit Duration 9 month

We present the ninth stage of the phased financing project – ,,Antakalnio ritmas. The raised funds will be allocated by the project owner for real estate development. The amount to be raised at this stage is EUR 110 000.

About the project:
“Antaklnio ritmas” is a new residential quarter in Vilnius, in the newly developing district Naujasis Antakalnis, designed with active people in mind, family privacy and tranquility surrounded by nature.

The aim of the project:
The project owner is developing a 20-apartment, 4-storey apartment building in Vilnius, Duburio Street. The total area of apartments is 1,186 square meters. Upon completion of construction, the apartments will be sold. The planned income from the sale of all apartments is EUR 2 134 800.

Progress of the project:
From the first stage of financing, the owner of the project completed the masonry works of the apartment building and registered it with the raised and his own invested funds. They also covered the roof, installed windows, installed the electrical installation, and finished the facade work. The underfloor heating system has been installed on all floors, concrete floors have been poured, and all communications have been connected. Water supply and sewage systems are installed. Finished partial finishing works. Currently conducting an inventory of apartments. The raised amount will be used for the furnishing of several apartments until they are fully finished.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To protect the interests of investors, a 4-story, 20-apartment apartment building and a part of the land plot with an area of 26.5 ares are pledged at Duburio st. 10, Vilnius. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 2 347 000.

Maximum planned amount of funding for the project: EUR 1 600 000 (EUR 1 339 400 has already been raised). 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. LTV at this stage is 62%.

Interest by investment amount:
– From 100 EUR to 499 EUR – 9%
– From 500 EUR to 2 999 EUR – 9.5%
– From 3 000 EUR to 9 999 EUR – 10%
– From 10 000 EUR – 10.5%
Important: investments made separately are not aggregated.

We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.

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