• Additional security: As an additional security measure, a guarantee from UAB “Jolivis” is provided for the full loan amount.
• Experienced developer: The project is developed by a developer with experience in similar real estate projects – having completed residential reconstruction projects with a total area of approximately 7 000 m².
• Marketable product: The project is focused on small-sized, affordable housing in an attractive location near Vilnius, therefore strong demand is expected from young buyers and first-time home seekers.

Interest rates based on investment amount:
From 100 EUR to 349 EUR – 8.60%
From 350 EUR to 749 EUR – 8.80%
From 750 EUR to 2 499 EUR – 9.00%
From 2 500 EUR to 7 499 EUR – 9.20%
From 7 500 EUR – 9.40%
Important: individual investments are not aggregated and cannot be combined.

About the Project:
The project owner intends to acquire a 30-are land plot with existing buildings located in Vilnius district, Zujūnai. A preliminary purchase–sale agreement has already been signed and an advance payment has been made.

After acquisition, it is planned to carry out simple renovation works in the residential building and form 9 small apartments (24.77–42.80 m²), which will be sold under usage agreements. Additionally, from the existing auxiliary farm buildings (combined into one volume), a semi-detached house with 2 units (2 apartments of 50 m² each) will be developed. Additionally, the project plans the development of 9 separate single-family units (based on farm-use buildings), for which, according to the information provided by the project owner, construction permits are not required, allowing for faster project implementation.

The project is aimed at affordable, liquid housing, attractive to young families and buyers seeking reasonably priced housing near Vilnius.

The project is developed in Zujūnai, Vilnius district – a residential area dominated by individual and small apartment buildings. The location offers good connectivity – approximately 10.5 km to Vilnius city center, with a nearby public transport stop, essential services, and Gineitiškės lake to the north. Access to the plot is via an asphalt road, with the last ~50 m being unpaved.

The average planned sales price is approximately 2 673 EUR/m² excluding VAT, and total project sales revenue is projected at around 2,52 mln. EUR. Construction works and sales are planned to be completed within 12 months.

The project is implemented by a real estate developer with experience in similar projects – through SPV companies, the acquisition, renovation, and sale of older residential properties are regularly carried out.

Loan information:
The loan will be repaid from the sale proceeds of the developed real estate. Interest will be paid from the shareholder’s personal funds or the company’s working capital.

Maximum loan amount: 1 800 000 EUR. The project may be financed with a second-ranking mortgage. The project is financed based on the current valuation of the pledged asset until the maximum LTV is reached. Once the maximum LTV is reached, a new valuation must be carried out, and further financing stages will only be announced if the maximum LTV is not exceeded.

The funding amount is planned to be raised within 7 days, with a possibility to extend up to 30 days if not fully subscribed.