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Ismoniu dvibutis

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100 %
  • Status funded
  • Goal 142,000 EUR (€)
  • Raised 142,000 EUR (€)
  • Investors 183
  • Interest rate 9.5%
  • Loan To Value(LTV) 61%
  • Credit Duration 6 month

We present a new financing project – “Ismoniu dvibutis”. The amount to be raised is EUR 142 000, of which EUR 100 000 will be allocated to the refinancing of the existing loan, and the remaining loan amount to the completion of construction works.

About the project:
The apartment will be two floors. The total area of each apartment is 120 square meters. On the ground floor there will be an anteroom, utility room, toilet and a common living room and living area. On the second floor – three bedrooms, two bathrooms and a wardrobe. The apartments are expected to be sold with partial finishing, reaching 85 percent. completeness. The estimated sales revenue of the project is about EUR 288 000.

Progress of the project:
The semi-detached house has already been built, the facade insulation and finishing works have been completed. A well has been dug on the plot, and water treatment and sewage disposal facilities have been installed. The works of connecting engineering systems and partial decoration of the premises are being carried out inside. The owner of the project will allocate the amount of EUR 42 000 for the improvement of the outside area, after the completion of these works, the sale process will be started.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors , a 272.11 square meter semi-detached house and an 8-acre plot of land are pledged at Ismoniu st. 26, Vilnius. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 230 000.

Interest by investment amount:
– From 100 EUR to 499 EUR – 9,5%
– From 500 EUR to 2 999 EUR – 10%
– From 3 000 EUR to 9 999 EUR – 11%
– From 10 000 EUR – 12%
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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