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Daugiabutis Naglio g.

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100 %
  • Status funded
  • Goal 171,400 EUR (€)
  • Raised 171,400 EUR (€)
  • Investors 290
  • Interest rate 9%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We are introducing a new phase financing project “Daugiabutis Naglio g.”, project owner will use the funds to buy an apartment building. The amount to be raised is EUR 171 400.

The aim of the project:
The project owner will used the funds raised For the acquisition and development of a 4 470 square metre, 120-apartment, apartment building 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 sold. Expected rental income per month: EUR 300-350, sales income: EUR 1 800 for square meter.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To ensure the interests of investors, 8 non-residential premises with a total area of 312.78 square metres are pledged at Naglio g. 4 Kaunas. According to an independent real estate appraiser, the value of the property pledged to investors is currently EUR 342 900.

The maximum planned amount of funding for the project is EUR 700 000. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV. Once the maximum LTV is reached, a new valuation of the property will be carried out, and the further stages of financing the Project will be announced and collected only if the set maximum LTV is not exceeded.

Interest by investment amount:
– From EUR 100 to EUR 499 – 9%
– From EUR 500 to EUR 1 999 – 9.5%
– From EUR 2 000 to EUR 3 999 – 10%
– From EUR 4 000 to EUR 7 999 – 10.5%
– From EUR 8 000 – 11%
Important: Individual investments are not aggregated and cannot be combined.

We plan to raise the amount within 7 days, with the possibility of extending it to 21 days if the funds are not raised.

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