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Gintaro slenis II

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100 %
  • Status funded
  • Goal 50,000 EUR (€)
  • Raised 50,000 EUR (€)
  • Investors 20
  • Interest rate 8%
  • Loan To Value(LTV) 46%
  • Credit Duration 12 month

Loan for the development of the real estate project “Gintaro slenis II”. The company is developing a residential project in Klaipeda district.

To protect the interests of investors, 36 plots with a total area of ??5.86 ha are pledged, Lazdyneli? st., Baukstininku village, Klaipeda district. The houses planned to be built on the plots will also be mortgaged to investors.

Gintaro slenis is a new construction project located just a few kilometres from Klaipeda city center. It is a modern design concept project focused on ecological solutions and an open settlement. The project is being developed with full infrastructure: convenient transportation, tidy well-being, parking lot. 74 residential houses (73.11 sq.m., 79.47 sq.m. and 90.87 sq.m.) are being developed, with partial finishing 85% or fully equipped. The house owns a plot of about 5 a. The project will be developed in four stages.

For investors over 10,000 Eur in addition + 1% to the annual interest. For all investors, the property is pledged with a primary mortgage.
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 have to be performed and further stages of the Project financing will be announced and collected only if the set maximum LTV of 60% is not exceeded. Maximum planned amount of project financing: 1 042 200 Eur. Each part of the loan will have to be repaid within the set term: 12 months.

At this stage, the borrowed funds will be used for the introduction of engineering networks, the construction of the first two houses.

We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days. without raising funds.

Project visualizations are provided.

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