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K. Dineikos apartamentai

Profitus
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100 %
  • Status funded
  • Goal 1,080,000 EUR (€)
  • Raised 1,080,000 EUR (€)
  • Investors 101
  • Interest rate 8%
  • Loan To Value(LTV) 61%
  • Credit Duration 12 month

Project “K. Dineikos apartmentai” – Phase I. Project funds will be allocated for the acquisition and development of real estate.

“K. Dineikos apartamentai”- modern and exclusive apartments in the heart of Druskininkai. Quiet and green area where the city center merges with nature. Great space for both quiet and active recreation, and only 50 m to Lake Druskonis. Well-developed infrastructure and extremely convenient location – the central street will allow you to reach all the most important points of Druskininkai very quickly.

The project developer buys the sanatorium building in Druskininkai, K. Dineikos str. 5, where will perform premises repairs. The project envisages the installation of 98 holiday apartments (2,650 sq. m), 13 commercial premises (850 sq. m) and 77 parking spaces. The planned sale price of apartments with partial finishing is 1,100 EUR / sq. m, commercial premises – 1,200 EUR / sq. m. Parking spaces of EUR 1,000 each. The planned sales revenue of the whole project is 4.27 million. euros.

The project owner is making pre-sales and currently 32 reservation agreements have been signed worth more than 1.3 million euros.

The property to be purchased is in good condition and does not require large-scale construction work. Registered completion of the property – 100%. Investors at all stages will be pledged the property with a primary mortgage.

To protect the interests of investors, 3,826 sq. m building and the right to lease a plot of land at K. Dineikos str. 5, in Druskininkai. In addition to this loan, a personal shareholder guarantee is provided.

Maximum planned amount of project financing: 1,400,000 Eur. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV. Maximum loan-to-value ratio (LTV) 65%.

Interest by investment amount:
– EUR 100 to EUR 4 999 – 8%
– EUR 5 000 to EUR 99 999 – 9%
– EUR 100 000 to EUR 299 999 – 10%
– From EUR 300 000 – 11%
Important: individual investments are not aggregated.

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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