Biciuliu namai (Lapino namai) XX

• The owner of the project will use the pooled amount to develop the property;
• „Lapino namai“ is sold only in fully finished condition and is built on a block-by-block basis, creating stylish and coherent architectural settlements and providing all the necessary engineering infrastructure;
• The evolving business model and the project owner’s long experience in residential development, house construction and fitting out have led to the development of a range of house offers that precisely match the market needs;
• As many as 85% of the houses in the first stage of construction in „Biciuliu terasose“ already have their owners and 2-4 new preliminary sales contracts are signed every month;
• More information about Lapinas namai projects can be found here.

About the project owner:
The owner of the project has developed different real estate projects with a total area of approximately 4 300 square metres. Also the developer also has the status of a trusted developer and together with PROFITUS has financed eight unique real estate projects: („Lapino namai”, „Namas Dusmenu g.”, „Lapino namai Biciuliu terasose”, „Namas Dusmenu g. 63″, „Biciuliu Ateities g. namai”, „Biciuliu namai”, „Namas D45″, „Ateities 50″). The projects have been successfully completed and investors have been settled on time.

About the project:
„Lapino namai” is a new-build block of detached houses being developed in the „Biciuliu terasos” housing estate. The project consists of A+ and A++ energy class one-storey detached and semi-detached houses with a unified architecture and spacious land plots of 4-9 hectares for each dwelling. In total, the development is planned to house as many as 46 families. The houses are fully finished and the size of each dwelling ranges from 62 to 179 square metres. Nearby there are forests, the Trakai Lakes and the castle, which can be reached by bike. The neighbourhood is located right on the Vilnius city border and the city centre is reachable within 20 minutes by car. The houses will be sold and the estimated sales income for the whole project is EUR 10 445 600.

Project progress:
All 8 dwellings under development have an actual completion rate of more than 70%, based on work already completed. The internal finishing works are continuing with the funds mobilised for the last phases.

Maximum amount to be financed: EUR 3 000 000 (EUR 1 242 000 active portfolio). The project is financed on the basis of the current valuation of the collateral until it reaches the maximum LTV of 70%. Once the maximum LTV has been reached, a new appraisal will have to be carried out and further rounds of financing for the Project will only be advertised and collected if the set maximum LTV is not exceeded. The Loan to Value (LTV) with VAT for this stage is 49%.

Interest by investment amount:
– From EUR 100 to EUR 199 – 10.5%
– From EUR 200 to EUR 499 – 10.75%
– From EUR 500 to EUR 999 – 11%
– From EUR 1 000 to EUR 1 999 – 11.25%
– From EUR 2 000 to EUR 4 999 – 11.5%
– From EUR 5 000 to EUR 9 999 – 11.75%
– From EUR 10 000 – 12%
Important: investments made separately are not aggregated and cannot be pooled.

We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.