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Butai Zveryne „S41“ V

Profitus
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100 %
  • Status funded
  • Goal 100,000 EUR (€)
  • Raised 100,000 EUR (€)
  • Investors 122
  • Interest rate 5%
  • Loan To Value(LTV) 54%
  • Credit Duration 12 month

The fifth phase of the project “Butai Zveryne “S41”. The funds raised at this stage will be used to continue the reconstruction work.

“Butai Zveryne “S41” project in a perspective and green place of Vilnius – in Zverynas, by the Neris river. The project envisages the reconstruction of the premises at the dormitory, on the third floor. In total, the project envisages the formation of 34 separate apartments, part of which is planned to be sold, and the remaining apartments to be rented. With the completion of fully finished housing, the estimated sale price is 2 700 – 2 800 euros per square meter.

From the beginning of the financing, the partitions in the premises were demolished, 34 individual apartments were formed, and the necessary communications were introduced to each apartment. Currently, the windows in the facility are being replaced and the main electrical installation is being performed.

The project developer has trusted owner status. The company developing the project is an experienced construction project development company that has successfully implemented real estate projects. In total, the company attended more than 95 000 square meters. m in the development of facilities as a project owner and contractor. More about previous projects of the project owner here.

To protect the interests of investors, 702.71 square meters of dormitory premises on the third floor, Studentu str. 41-4, Vilnius. According to an independent real estate appraiser, the value of the mortgaged property is EUR 927 000. For investors of all stages, the property is pledged with a primary mortgage.

The maximum amount of funding is EUR 500 000. The borrower will have the right to borrow additionally in other stages, provided that it does not exceed the maximum LTV of 54%. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV. The loan-to-value ratio (LTV) at this stage is 54%.

Interest by investment amount:
– From EUR 100 to EUR 499 – 5%
– From EUR 500 to EUR 4 999 – 5,5%
– From EUR 5 000 – 6%
Important: individual investments are not aggregated.

Photos of the property pledged to investors and photos of the project implemented by the previous project owner are provided.

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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