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Butas Zveryne

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100 %
  • Status funded
  • Goal 168,000 EUR (€)
  • Raised 168,000 EUR (€)
  • Investors 269
  • Interest rate 7%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present a new project for financing “Butas Zveryne”. The mobilized funds will be used for the acquisition of mortgaged property in this project. The owner of the project intends to rent the purchased apartment, and the interest on this project will be covered from the rental income. The amount to be raised is 168 000 euros.

The aim of the project:
The project owner buys an apartment in a luxurious and infrastructurally developed Vilnius district – Zverynas, Pienines str. The apartment, which is on the second floor of the house, has three rooms – two bedrooms and a living room connected to the kitchen and all the necessary furniture. The apartment has 2 parking spaces. Currently, the apartment is rented, a long-term lease agreement has been signed, the rental income reaches 900 euros per month.

About the project owner:
The project owner’s company belongs to a group of companies that are engaged in real estate leasing – both long-term and short-term. The main activity of the project owner, home appliances trade, is sales through the online sales platform, where the income of existing sales is frozen during the order execution period. Therefore, in order not to stop the further performance of the additional activity of the company – real estate lease, working capital necessary for the acquisition of property, the project owner finances through the platform.

To secure the interests of investors, real estate is pledged with a primary mortgage:
A three-room, 66.46 sq. m area apartment in a house built in 2019 and 52.4 sq. m  car parking space Pienines str. 8-9, Zverynas district is pledged to secure the interest of the investors. According to an independent real estate appraiser, the value of the property pledged to investors is 240 000 euros. The registered completion of the mortgaged apartment is 100%. The apartment is furnished – it has all the necessary communications, decoration and all the necessary furniture.

Interest by investment amount:
– From EUR 100 to EUR 999 – 7%
– From EUR 1 000 to EUR 9 999 – b
– From EUR 10 000 – 8%
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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