We present a new staged financing project – “Ekonamai”. The funds raised will be used for the development of a real estate project. The amount raised at this stage is EUR 33 000.
The aim of the project:
The project owner intends to develop a residential quarter on 17 plots of land in the long run. The funds of the first stage will be allocated for the infrastructure works of the land plots – electricity introduction, landscaping of the quarter, water wells and construction of farm buildings. After the first stage, after arranging the infrastructure, it is planned to sell 6 plots, in parallel to obtain building permits for the construction of houses. This loan will be covered by sales proceeds.
Future house construction technology:
The project will build ecological A ++ class houses, the construction technology of which is the construction of houses based on straw boards. The panels are manufactured in the factory according to the design of the future house, later installed on the cast foundations. One of the advantages of such a construction is the homogeneous distribution of straw as an insulating material in the wooden frame. This ensures uniform thermal properties and prevents the formation of thermal bridges, which are often formed due to incompletely precise human work when insulating structures, even with an insulating material popular in construction – mineral wool. This technology allows builders to control construction costs, as manufacturers prepare a highly accurate construction estimate for the house. The cost of building this type of house is often lower than building brick houses. In the photos you will see an example of an A ++ house being built by the project owner.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors 14 plots of land with a total area of 3.08 hectares in Trakai district are pledged. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 186 500.
Maximum planned amount of funding for the project: EUR 700 000. 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. LTV at this stage – 18%.
Interest by investment amount:
– From 100 EUR to 999 EUR – 8,5%
– From 1 000 EUR – 9%
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.