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Butas J144A

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100 %
  • Status funded
  • Goal 63,000 EUR (€)
  • Raised 63,000 EUR (€)
  • Investors 125
  • Interest rate 8%
  • Loan To Value(LTV) 70%
  • Credit Duration 6 month

We present a new project for investment “Butas J144A”. The raised funds will be used by the project owner for the purchase of real estate. The amount to be raised for the project is EUR 63 000.

About the project owner:
The owner of the project has 6 years of experience in real estate. Implemented eleven different real estate projects in Vilnius and Anyksciai district.

The aim of the project:
The project funds will be allocated for the purchase of a 41.44 square meters, two-room apartment on the first floor of a brick apartment building in Vilnius. The project owner buys an apartment for EUR 90 000. The owner intends to carry out repair work with his own funds, equipped with all household appliances and furniture. After these works, the apartment will be sold. The estimated sales revenue is EUR 125 000. The proceeds of the sale will be used to repaid this loan.

To secure the interests of investors, real estate is pledged with a primary mortgage: 
To secure the interests of investors, an apartment of 41.44 square meters is pledged at Justiniskiu st. 144A-33, Vilnius. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 95 100.

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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