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Daugiabučio butai Naglio g. II

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100 %
  • Status funded
  • Goal 163,750 EUR (€)
  • Raised 163,750 EUR (€)
  • Investors 206
  • Interest rate 9.5%
  • Loan To Value(LTV) 50%
  • Credit Duration 12 month

Introducing the new phase financing project Daugiabucio butai Naglio g. II” stage. The project owner will use the pooled funds for the purchase and reconstruction of the flats. The amount to be raised in this phase is EUR 163 750.

Project objective:
The project funds will be used for the acquisition and refurbishment of a 4.470 square metre, 120 apartment apartment block at 4 Naglio St. Kaunas. The apartments will be furnished to full completion. Part of the apartments will be rented and the other part will be for sale. Expected rental income per month: EUR 300-350, sales income: EUR 1 800 per square metre.

To secure the interests of investors, real estate is pledged with a primary mortgage:
The mortgage securing the investors interests 12 non-residential premises with a total area of 407.07 square metres at Naglio st. 4 Kaunas. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 525 400.

Maximum planned amount of funding for the project: EUR 500 000. The project is funded based on the current mortgage valuation until it reaches the maximum LTV set. When maximum LTV is reached, a new valuation of the property will be required and further project funding stages will be announced and collected only if the maximum LTV set is not exceeded.

Interest by investment amount:
– From EUR 100 to EUR 499 – 9.5%
– From EUR 500 to EUR 999 – 10%
– From EUR 1 000 to EUR 2 999 – 10.5%
– From EUR 3 000 to EUR 7 999 – 11%
– From EUR 8 000 to EUR 29 999 – 11.5%
– From EUR 30 000 – 12%
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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