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Du dvibuciai Didziojoje Rieseje VII

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100 %
  • Status funded
  • Goal 22,600 EUR (€)
  • Raised 22,600 EUR (€)
  • Investors 95
  • Interest rate 10%
  • Loan To Value(LTV) 70%
  • Credit Duration 9 month

We present the seventh stage of the phased financing project “Du dvibuciai Didziojoje Rieseje”. The funds of this stage will be allocated for the development of real estate. The amount to be raised is EUR 22 600.

The aim of the project:
The owner of the project has acquired 10 plots of land on which he is developing a two-apartment house project. The houses under development are 307 and 316 square meters in size. Each duplex will have a 10 acre plot of land. This loan will be repaid by the proceeds of the sale of the reale estate. Estimated sales revenue for the entire project is EUR 800 000.

Progress of the project:
After the sixth round of financing, in the house at Zemoji st. 50, – the clinker finishing coating has been finished, the rainwater drainage system has been installed, the plastering of the walls has started inside.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors 10-acre land plot with 307.07 square meters of semi-detached house under construction are pledged, at Zemoji st. 50, Didzioji Riese village, Vilnius district. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 372 000.

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.

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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