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Butas Savanoriu 38

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100 %
  • Status funded
  • Goal 55,300 EUR (€)
  • Raised 55,300 EUR (€)
  • Investors 120
  • Interest rate 10%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present a new financing project, “Butas Savanoriu 38”. The project owner will use the raised funds to refinance existing loan. The amount to be raised is EUR 55 300.

The aim of the project:
The project funds will be allocated to the refinancing of a loan from another credit institution. The owner of the project currently rents the 44.36 square meter mortgaged apartment, which generates EUR 300 monthly. At the end of the year, the apartment will be sold, the estimated sales revenue of the project is about EUR 88 000. This loan will be repaid from the sale proceeds of the project.

To secure the interests of investors, real estate is pledged with a primary mortgage: 
To secure the interests of investors, a 44.36 square meter apartment with a basement is pledged at Savanoriu st. 38-54, Vilnius. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 88 000.

Interest by investment amount:
– From 100 EUR to 499 EUR – 10%
– From 500 EUR to 999 EUR – 10.5%
– From 1 000 EUR to 2 999 EUR – 11%
– From 3 000 EUR – 11.5%
Important: investments made separately are not aggregated.

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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