We present a new project “Apartamentai senamiestyje” in Vilnius, the financing of which will be used for working capital. The project owner intends to purchase a mortgaged real estate, which will later lease. The rental income will cover the interest of the loan, and the full amount of the investment will be refinanced by the project owner at another credit institution at the end of the period. The amount to be raised is 80 500 euros.
The project owner buys an apartment in Vilnius Old Town, Sodu str. 6-22. The apartment is located in the construction project of “Hanner” – the leader company in the development of real estate projects. The house “Renesanso” was built in 2021. The apartaments in the building are bright and spacious, with high ceilings and large panoramic windows. The most important points of the city are located in the house – Town Hall Square, Hales Market, Vilnius Railway Station.
The owner of the project is engaged in real estate rental, in this project total intends to buy five separate apartments for rent. The rental income of a short-term rental starts from 50 euros per day. The estimated rental income of a long-term lease is 550 – 600 euros per month.
To protect the interests of investors, a 27,24 square meter apartment is pledged in a newly built house in Vilnius, Sodu str. 6-22. According to the independent real estate appraiser “Ober-Haus”, the value of the mortgaged real estate is EUR 115 000 (valuation was performed in July 2021). The actual completion of the mortgaged property is currently 100%, the apartment is partially furnished.
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.