Introducing the new phase of the phased financing of the project „Komercines patalpos Tumeno G6 III". The project owner will use the funds raised to develop the property. The amount to be raised in this phase is EUR 190 000.

About the project owner:
The Group (Tinkasas, Kriviu namai and K125) is an experienced development and construction company with more than 55 000 square metres of buildings, some of which it has developed as a builder and some as a developer.

The aim of the project:
The owner of the project will allocate the pooled amount to the development of two real estate projects under development (Loftai Kalvariju 125B and Patalpos Kirtimu 57A). This loan will be reimbursed from the sales proceeds of the projects under development, which will amount to EUR 4 000 000. 

Kalvariju 125B:
This project consists of 57 lofts with partial finishes. 30 lofts are already sold. The remaining lofts need working capital to be able to sell. Smaller lofts are selling for EUR 60 000, larger ones for EUR 120 000-150 000.

Patalpos Kirtimu 57a:
Industrial premises with a total area of 1 425.93 square metres. The premises were used for the production of panel doors and contain all the remaining factory equipment. The project owner needs the funds for the final payment for the acquisition of the property and for the renovation of its operations. In order to resume operations, the equipment needs to be refurbished, the premises need to be cleaned up and the materials need to be ordered. (The proceeds from the sale of this project are shown in the ,,financial information" section).

To secure the interests of investors, real estate is pledged with a primary mortgage:
To protect the interests of investors, pledges premises with an area of 784.64 square metres and two parking lots with a total area of 639.86 square metres at 4 and 6 Antano Tumeno Street, Vilnius. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 2 565 200.

Maximum planned amount of funding for the project: EUR 1 471 000 (EUR 575 210 already raised). The project is funded based on the current mortgage valuation until it reaches the maximum LTV set. When maximum LTV is reached, a new valuation of the property will be required and further project funding stages will be announced and collected only if the maximum LTV set is not exceeded.

Interest by investment amount:
- From EUR 100 to EUR 4 999  – 9%
- From EUR 5 000 to EUR 9 999  – 9,5%
- From EUR 10 000  – 10%
Important: investments made separately 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.