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Apartamentai Rinktines g.

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100 %
  • Status funded
  • Goal 122,500 EUR (€)
  • Raised 122,500 EUR (€)
  • Investors 260
  • Interest rate 7%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present a new project for financing “Apartamentai Rinktines g.”. The mobilized funds will be used for the acquisition of mortgaged property in this project. The owner of the project intends to rent the purchased apartment, and the interest on this project will be covered from the rental income. The amount to be raised to finance the project is 122 500 euros.

The aim of the project:
The project owner is buying a two-room apartment with a terrace in a newly built apartment building in Vilnius, just 500 meters from the city center. The apartment for sale is fully furnished, furnished and is already for rent. A long-term lease agreement has been signed, the rental income amounts to 550 euros per month.

About the project owner:
The project owner’s company belongs to a group of companies that is engaged in real estate rental – both long-term and short-term. The main activity of the project owner, home appliances trade, is sales through the online sales platform, where the income of existing sales is frozen during the order execution period. Therefore, in order not to stop the further performance of additional activities of the company – real estate lease, working capital necessary for the acquisition of property, the project owner finances through the platform.

To secure the interests of investors, real estate is pledged with a primary mortgage:
As collateral, a two-room apartment, 48.04 sq.m area, on the first floor of an apartment building, at Rinktines str. 1A-52, Vilnius. According to an independent real estate appraiser, the value of the property pledged to investors is 175 000 euros. The registered completion of the mortgaged apartment is 100%. The apartment is furnished – it has all the necessary communications, decoration and all the necessary furniture.

Interest by investment amount:
– From EUR 100 to EUR 999 – 7%
– From EUR 1 000 to EUR 9 999 – 7,5%
– From EUR 10 000 – 8%
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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