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Gintaro slenis III

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100 %
  • Status funded
  • Goal 40,000 EUR (€)
  • Raised 40,000 EUR (€)
  • Investors 69
  • Interest rate 8%
  • Loan To Value(LTV) 57%
  • Credit Duration 12 month

Phase III of the Gintaro slenis project, a loan for real estate development. The company is developing a residential project in Klaipeda district.

Currently, the first 4 houses are already under construction in the project:

The first house is insulated, with a roof covering, the facade works are currently being completed. It is planned to install interior decoration in the near future.

The second house is ready for insulation works, the roof covering and finishing panels have been ordered.

The third and fourth found the foundations. Walls will be built in the near future.

To protect the interests of investors, 36 plots with a total area of 5.86 ha are pledged, Lazdyneliu st., Baukstininku village, Klaipeda district. Homes under construction are also mortgaged to investors.

Gintaro slenis is a new construction project located just a few kilometers from Klaipeda city center. It is an A + energy class, modern design 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.

The developer has invested 320 thousand in this project. own funds. The planned sale price of one house is 100 thousand. euros. The planned profit of the whole project is more than 1.5 million euros.

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: EUR 1,042,200. Each part of the loan will have to be repaid within the set term: 12 months.

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

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