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Gyvenamasis namas Panevezyje

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100 %
  • Status funded
  • Goal 50,000 EUR (€)
  • Raised 50,000 EUR (€)
  • Investors 96
  • Interest rate 7%
  • Loan To Value(LTV) 47%
  • Credit Duration 12 month

We present a new staged financing project “Gyvenamasis namas Panevezyje”. The mobilized funds will be allocated to the company’s working capital (for the development of two other real estate projects in Panevezys). The amount to be collected in the first stage is EUR 50,000.

The aim of the project:
The project owner will develop two real estate projects in Panevezys. The first project is a one-room residential house with a separate garage under construction on a plot belonging to the developer, Margirio str. The second is a construction project of four residential houses, address Ozeliu St., Dembava, Panevezys district. All houses under development will be 80 square meters, each with an estimated sale price of 150,000 euros. The sales revenue of the whole project will reach 750,000 euros.

About the project owner:
The project owner has experience in the field of real estate project development. Since 2002 company have developed 14 different projects (a total of 27 residential houses) with an area of 3,300 square meters.

To secure the interests of investors, real estate is pledged with a primary mortgage:
As collateral, a newly built, fully furnished, 155 square meter residential house with a 9-acre plot of land belonging to it is pledged. Mortgage property V. Alanto str. 31, Panevezys. According to an assessment by an independent real estate appraiser, the value of the property pledged to investors is 216 000 euros.

Maximum planned amount of funding for the project: EUR 100,000. The project is funded based on the current mortgage valuation until it reaches the maximum LTV set. 

Interest by investment amount:
– From EUR 100 to EUR 999 – 7%
– From EUR 1 000 to EUR 4 999 – 8%
– From EUR 5 000 – 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.

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