Komercines patalpos Tumeno G6 VProfitus
We present the new stage of staged financing project – „Komercines patalpos Tumeno G6 V”. The project owner will use the funds raised for the development of two real estate projects under development (Loftai Kalvariju 125B and Patalpos Kirtimu 57A). The amount to be raised in this phase is EUR 128 200.
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.
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 surface area 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 investment period for this phase is 10 months and the repayment date for this part of the investment is no later than 10/09/2024.
Maximum planned amount of funding for the project: EUR 1 471 000 (EUR 859 746 already raised). The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV of 58%. Once the maximum LTV is reached, a new valuation of the property will have to be carried out, and the further stages of financing the project will be announced and collected only if the set maximum LTV is not exceeded. The loan-to-value ratio (LTV) with VAT at this stage is 39%.
Risk category (probability of default) of this project: 5.
Interest by investment amount:
– From EUR 100 to EUR 499 – 10%
– From EUR 500 to EUR 999 – 10.5%
– From EUR 1 000 to EUR 1 999 – 10.75%
– From EUR 2 000 to EUR 4 999 – 11%
– From EUR 5 000 to EUR 9 999 – 11.5%
– From EUR 10 000 – 12%
Important: investments made separately are not aggregated and cannot be pooled.
We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.