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Butai Zveryne “S41”

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100 %
  • Status funded
  • Goal 100,000 EUR (€)
  • Raised 100,000 EUR (€)
  • Investors 151
  • Interest rate 5%
  • Loan To Value(LTV) 11%
  • Credit Duration 12 month

Stage financing project “S41” – Phase I. The funds raised at this stage will be used to start the reconstruction of the project. The amount to be collected in the first stage is EUR 100 000.

“S41” – the project is located in a perspective place of Vilnius, Zverynas. The project developer plans to reconstruct the premises, form 34 separate apartments, part of which is planned to be sold, and the remaining apartments to be rented. The tidy premises will be sold with full finishing.

Trusted developer status for the project owner. The company developing the project is an experienced construction project development company that has successfully implemented more than 95,000 sq. M. m development of objects as a project owner and contractor.

To protect the interests of investors, 702.71 square meters of dormitory premises are pledged together with a 6.21-acre plot of land, Studentu str. 41-4, Vilnius. According to an independent real estate appraiser, the value of the mortgaged property is EUR 927,000. Investors at all stages will be pledged the property 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 11%.

Interest by investment amount:
– From EUR 100 to EUR 999 – 5%
– From EUR 1 000 to EUR 9 999 – 5,5%
– From EUR 10 000 – 6%

Important: individual investments 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.

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