We present a new 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 131 000.
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. At present, the project has already erected two-storey walls. Upon completion of construction, the apartments will be sold. The planned income from the sale of all apartments is EUR 2 134 800.
To secure the interests of investors, real estate is pledged with a primary mortgage:
In order to protect the interests of investors, a part of the land plot with an area of 26.5 ares is pledged, at Duburio str. 10, Vilnius. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 262 000.
Maximum planned amount of funding for the project: EUR 1 100 000. 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 – 9,5%
– From 500 EUR to 1 999 EUR – 10%
– From 2 000 EUR to 4 999 EUR – 10,5%
– From 5 000 EUR – 11%
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.