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Dyguniu tak. 7

Profitus
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100 %
  • Status funded
  • Goal 273,000 EUR (€)
  • Raised 273,000 EUR (€)
  • Investors 487
  • Interest rate 10%
  • Loan To Value(LTV) 60%
  • Credit Duration 12 month

We are introducing a new phase financing project Dyguniu tak. 7.”, project owner will use the funds for real estate development and to refinance current loans. The amount to be raised is EUR 273 000.

About the project owner:
The project owner has experience in real estate development. In many cases, the project owner agrees to implement non-standard solutions in projects.

The aim of the project:
The project owner will used the funds raised for development of the building with four apartments and the building with nine apartments and to cover existing financial commitments. Upon reaching 100% completion, building with nine apartments with a total area of 442.91 square metres will be rented and the  building with four apartments with a total area of 129 square metres will be sold. The projected rental income is EUR 4 500 per month and the projected sales income is EUR 400 000. 

To secure the interests of investors, real estate is pledged with a primary mortgage:
To ensure the interests of investors, a dwelling house of 442.91 square metres, an outbuilding (soon to be changed to residential use) of 1 097 cubic metres and a plot of land of 13.3 acres are pledged at Dyguniu tak. 7, Kaunas. According to an independent real estate appraiser, the value of the property pledged to investors is currently EUR 455 000.

The maximum planned amount of funding for the project is EUR 500 000. 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 10%
– From EUR 500 to EUR 1 499 10.5%
– From EUR 1 500 to EUR 2 999 11%
– From EUR 3 000 to EUR 7 999 11.5%
– From EUR 8 000 12%
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.

Financial information 
Number of rented apartments9 pcs.
Monthly rental income per apartmentEUR 500
Rental income per month for all apartmentsEUR 4 500
Rental income for all apartments per yearEUR 54 000
Quantity of flats for sale4 pcs.
Income from sale of apartmentsEUR 400 000

 

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