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Katiliškio 31

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100 %
  • Status funded
  • Goal 37,000 EUR (€)
  • Raised 37,000 EUR (€)
  • Investors 111
  • Interest rate 8%
  • Loan To Value(LTV) 55%
  • Credit Duration 12 month

Refinancing of the project “Katiliskio 31”. Previously funded project funds were allocated to investors for the development of mortgaged property. The project is being refinanced due to protracted construction work.

“KATILISKIO 31” project is four unique, A + class apartments, in semi-detached two-apartment houses, located in a rapidly developing district, Aleksotas, Kaunas. The convenient location from which to reach the city center will be easy by both private and public transport. A few minutes on foot or by bike to the nearest supermarkets, shops or children’s playgrounds.

Previously funded funds the developer used for investors mortgaged two-bedroom would be for construction, the completion of which at this stage is 50-60%. The project includes two-storey, ceramic block, two-apartment houses. The width of the first floor apartment with a terrace is 65.97 square meters, and the area of ??the second floor apartment with a balcony is 65.89 square meters. Each apartment has a parking space. The houses under construction will be equipped with windows, heating, plastered interior walls ready for full finishing. The first floors of the apartments are currently being built. It is planned to sell them after installation. The estimated selling price per square meter is 1200-1300 EUR.

To protect the interests of investors, a 15-acre plot of land in Kaunas, M. Katiliskio str. 31 and after registering the two-apartment houses built on the plot (all apartments), they will also be pledged to investors. According to an independent real estate appraiser, the value of the mortgaged property is EUR 68000.

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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