• Liquidity: The collateralized property is liquid and located in the Trakai district. The actual completion of all collateralized semi-detached houses exceeds 70%.
• Strong interest: 10 preliminary purchase agreements have already been signed, with a total value of contracts including VAT reaching EUR 2,101,205. This indicates that the project is generating significant interest and that buyers are ready to invest in it.
• Reliability and experience: The developer's business model and long-standing experience in residential development, house construction, and finishing have enabled the creation of offers that meet market needs.
• Fully furnished homes: "Lapino Namai" offers only fully furnished homes. This means that buyers can move in immediately without any worries or additional costs associated with renovations.

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 m². 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. To find out more about "Lapino Namai" projects, visit the project website - here.

Project Progress:
The funds raised in this stage will be used to settle with the investors of Stage II and to develop real estate. The funds raised in previous stages continue to be used for construction works. At this stage, there are 12 remaining land plots where 12 houses (4 single-family and 8 semi-detached) are being developed, as well as a part of a land plot with apartment 1 of the semi-detached house at Ateities st. 80. According to the provided assessments, the value of all residential houses has increased by EUR 492,000.

Loan Information:
This loan will be covered by the sales revenue of the developed project, which is estimated to be EUR 10,445,600. Interest will be paid from the operating income of the project owner.

Maximum Financed Amount: EUR 1,000,000 (current active portfolio EUR 763,600). The project is financed based on the current valuation of the mortgaged property until it reaches the specified maximum loan-to-value ratio (LTV). Upon reaching the maximum LTV, a new property valuation will have to be carried out, and further project financing stages will be announced and collected only if the specified maximum LTV is not exceeded.

We plan to raise the amount within 7 days, with the option of extending it to 30 days if we do not raise funds.