• Attractive location: The project is being developed in the central part of Kaunas, at Aušros g. 2A – an area characterized by a limited supply of new residential developments, well-developed infrastructure, and convenient transport connections. Proximity to the Old Town, Laisvės Avenue, and key business and cultural hubs supports stable demand for higher-end residential property.
• Experienced developer: The project is developed by UAB “Baltų Burlaivis”, a real estate development company with over 25 years of experience, having implemented more than 20,000 m² of residential, commercial, and tourism-related projects.
  The loan is secured by a high-value, income-generating property – the historic “Vasaknų Manor”. In addition, the company’s director provides a personal guarantee covering the full loan amount.
• Strong loan collateral: The loan is secured by a high-value, income-generating property – the historic “Vasaknų Manor”. In addition, the company’s director provides a personal guarantee covering the full loan amount.

Financing structure and purpose:
The project owner is developing a multi-apartment residential building in Kaunas, at Aušros g. 2A. During this financing stage, the raised funds are allocated to the company’s working capital to finance construction works and ensure the continued implementation of the project.

Please note that during the previous financing stage, the raised funds were used to refinance an existing loan, secured by a pledge over a real estate property located in the Zarasai district – “Vasaknų Manor”. Following the refinancing, subsequent financing stages are focused on working capital financing for the construction of the residential building. For this reason, the project name is changed to “Apartment Building Aušros g., Kaunas”.

About the Project:
The project involves the construction of a three-storey multi-apartment residential building with underground and surface parking spaces. The planned total building area is approximately 1,230 m², and construction completion is scheduled within one year.

The forecast selling price for apartments is EUR 5,000–6,000 per m², and approximately EUR 30,000 per parking space. The projected revenue from the project owner’s share amounts to approximately EUR 1,500,000 and is intended to serve as the primary source of loan repayment.

Project location:
The apartment building is being developed in an exclusive central location of Kaunas – Aušros g. 2A. New residential developments in this area are rare due to established surrounding development and limited expansion opportunities.

The location is valued for its proximity to Kaunas Old Town and Laisvės Avenue, convenient transport connections, and quick access to major business, cultural, and service facilities. The surrounding area features historical and architectural value, which helps maintain long-term attractiveness and demand for higher-end residential housing.

Collateral:
The loan is secured by a fully developed and actively income-generating commercial property – “Vasaknų Manor”, located in the Zarasai district. The property consistently generates approximately EUR 60,000–80,000 in net annual income from accommodation, events, celebrations, and other services.

“Vasaknų Manor” is a historic property built in 1780, located in the Gražutė Regional Park, a protected and visually attractive natural area. The property features authentically restored architecture, landscaped surroundings, an extensive lakeshore, and facilities adapted for commercial use. It is a unique asset with both cultural and economic value and serves as the primary loan collateral.

Loan information:
Loan repayment is planned from the proceeds of apartment sales in the developed building or through refinancing with another credit institution. Interest payments will be covered by income generated by Vasaknų Manor or advance payments.

The maximum planned project financing amount is EUR 750,000 (EUR 356,000 already raised). The amount may be collected in stages. The project is financed based on the current valuation of the pledged property until the established maximum loan-to-value (LTV) ratio is reached. Upon reaching the maximum LTV, a new property valuation will be required, and further financing stages will be announced only if the maximum LTV is not exceeded.

The target fundraising period is 7 days, with the possibility to extend up to 30 days if the required amount is not collected.