• Construction progress: Since the previous financing stage, significant progress has been made – windows and exterior doors have been installed, the building has been insulated, electrical wiring has been completed, and interior finishing works have started. The actual completion stands at around 70%.
• Guarantee: The entire loan amount is guaranteed by a financially strong related company, UAB "Sigmaris."
• Attractive Project Location: The project is being developed on Vanagupės Street, one of the most desirable residential areas in Palanga, with well-developed infrastructure.

Interest according to investment amount:
– From 100 EUR to 499 EUR – 9.40%
– From 500 EUR to 1999 EUR – 9.60%
– From 2000 EUR to 7499 EUR – 9.80%
– From 7500 EUR – 10.00%
Important: Separate investments are not added up and cannot be combined.

About the project:
The project owner continues to actively develop the holiday building project in Palanga, Vanagupės St. 52. Since the previous financing stage, the project has been successfully advanced – construction works have progressed rapidly. Currently, windows and exterior doors are installed, the building is insulated, electrical wiring is completed, interior finishing works have started, and the actual completion stands at about 70%. The registered completion currently stands at 34%.

This modern holiday building will be adapted for comfortable living and will consist of 18 residential units, each with 18 storage rooms and 18 parking spaces. The project is being developed in a strategically convenient location in Palanga, where well-developed infrastructure will ensure easy accessibility and comfortable leisure. The developer plans to complete the construction by Q4 2025 and to sell all apartments by Q1 2026.

The project owner intends to start marketing the property once partial finishing is reached.

Loan Information:
This loan will be repaid from sales revenue, which is expected to amount to 4,321,529 EUR (excluding VAT). Interest payments will be covered by the income of group companies.

Maximum planned project financing amount: 2,215,500 EUR (of which 1,355,250 EUR has already been raised).The project is financed based on the current valuation of the pledged asset until the maximum loan-to-value (LTV) ratio is reached. Once the maximum LTV is reached, a new property valuation must be conducted, and further financing stages will only be announced and raised if the set maximum LTV is not exceeded.

We plan to raise the required amount within 7 days, with the possibility of extending this period up to 30 days if the funds are not raised.