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Ateities 50 II

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100 %
  • Status funded
  • Goal 75,000 EUR (€)
  • Raised 75,000 EUR (€)
  • Investors 167
  • Interest rate 11%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present second phased financing project – “Ateities 50”. Most of the funds raised in the first stage (EUR 72 000) will be used for the refinancing of the existing loan, and the rest of the amount will be used for the development of the “Lapino namai” project, which is being developed in “Biciuliu terasos”. The amount to be raised at this stage is EUR 75 000.

About the project:
“Lapino namai” is a block of newly built individual houses in the project “Biciuliu terasos”. The project develops A+ energy class houses, characterized by unified architecture, spacious 8-10 acre plots of land for each house. Nearby are forests, Trakai lakes and the castle, which can be reached by bicycle. 80-120 sq. m residential houses will be equipped with partial or full decoration. The houses will be sold, the estimated sales revenue of the entire project is EUR 8 575 000.

The aim of the project:
The owner of the project will allocate the raised amount to the refinancing of the existing loan, and the rest of the amount to the development works of the project “Lapina namai”, which is being developed in “Biciuliu terasos”. This decision will give the owner of the project time to complete the entire project and sell the house under the best conditions.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To protect the interests of investors, a single-family house with an area of 125.58 square meters and a plot of land of 9.08 acre are pledged at Ateities st. 50, Dobrovole village, Trakai district. According to the Registry center, the registered completion of the house is 34%, but the real completion is about 90%. According to an independent real estate appraiser, the value of real estate pledged to investors is currently EUR 308 000.

The maximum planned amount of project financing: EUR 250 000. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV. Once the maximum LTV is reached, a new valuation of the property will have to be performed and further stages of the Project financing will be announced and collected only if the set maximum LTV of 70% is not exceeded. 

Interest by investment amount:
– From EUR 100 to EUR 499 – 11%
– From EUR 500 to EUR 1 999 – 11.5%
– From EUR 2 000 to EUR 4 999 – 12%
– From EUR 5 000 to EUR 9 999 – 12.5%
– From EUR 10 000 – 13%
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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