Dvibutis Satrininku g. VProfitus
We present the fifth staged financing project “Dvibutis Satrininku g.” stage. The project funds will be used to continue construction work. The amount to be raised at this stage is EUR 29 000.
Progress of the project:
The following works were carried out at the expense of the fourth stage: windows were installed, the roof was covered, the facade frames, stairs and concrete structures were installed.
About the project:
In this project, one two-apartment house with a total area of 264,1 square meters is being built. Once the house is partially finished, it will be for sale. The price with incomplete partial finishing is EUR 203 000 and with full finishing is EUR 295 500. The total sales revenue of the whole project will exceed EUR 400 000. The house under construction is characterized by non-standard architecture: panoramic windows, contrasting facade decoration made of wood paneling and dark facade panels. The project is being developed in Kalnenai, just a 14-minute drive to Vilnius city center.
To ensure the interests of investors, a real estate primary mortgage is pledged:
To protect the interests of investors, a semi-detached house and a 6.77 acres plot of land are pledged at Satrininku st. 2, Vilnius, in a quiet, private area, Kalnenai. According to an independent real estate appraiser, the value of the mortgaged property is EUR 259 900.
The maximum amount to be funded is EUR 150 000, and we have already raised EUR 121 000. The Borrower will have the right to borrow additionally in other stages, provided that it does not exceed the established maximum loan-to-value ratio (LTV). The loan-to-value ratio is currently 58%. The maximum loan-to-value ratio (LTV) is 70%.
We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.