Butai Kaune
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We present the project “Butai Kaune”, the funds of which will be used for refinancing and development of another real estate project. The amount collected is EUR 50 500.
Project owner:
The project owner has 5 years of experience in the field of real estate and manages a strong real estate development company. The owner’s company purchased 4172.16 sq. meters area 2 administrative premises at Elektrenu 8N, Kaunas. In 2020, carried out the conversion of administrative premises and formed and fully equipped 151 apartments for rent, 149 apartments are for rent. Permanent rental occupancy 90-95%. In general, during the first of 2021 in the first half of the year, rental income amounted to EUR 283 641.
The aim of the project:
In order to speed up the reconstruction work, the developer refinances the existing loan. The project owner intends to develop a new real estate project in Kaunas, Zemaiciu str. 31, in the 4-floor building of 3517,95 sq. meters. All apartments will be rented and the planned project costs are EUR 1 000 000.
To protect the interests of investors, real estate is pledged:
Investors are pledged 151 apartments and 2 administrative premises in Elektrenu str. 8N, Kaune. The total area of the mortgaged premises is 4172,16 sq. m. According to an independent real estate appraiser “Inreal” the value of the mortgaged property is EUR 3807300. All mortgaged apartments are fully finished and ready for life – they have all the necessary furniture and communications. The project is located in an infrastructurally convenient place in Kaunas – Petrasiunai, from which the main points of the city are easily accessible.
Important: For new investors, the property will be temporarily pledged with a second mortgage, after refinancing all stages, all secondary mortgage holders – investors, will receive a pledge of the primary mortgage. The existing primary mortgage is administered by “Profitus”, so all investments are protected.
Interest by investment amount:
– From EUR 100 to EUR 499 – 5%
– From EUR 500 to EUR 999 – 5,5%
– From EUR 1 000 – 6%
Important: investments made separately are not aggregated.
We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days. without raising funds.
