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Kvartalas “Baltai” II

Profitus
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100 %
  • Status funded
  • Goal 150,000 EUR (€)
  • Raised 150,000 EUR (€)
  • Investors 250
  • Interest rate 8.5%
  • Loan To Value(LTV) 70%
  • Credit Duration 12 month

We present the second stage of the phased financing project “Kvartalas “Baltai”. The funds of this stage will be allocated for the development of real estate. The amount to be raised is EUR 150 000.

The “Baltai” quarter is a unique residential quarter. Much attention is paid to architectural elements that tastefully use Baltic symbols. Modern architecture was chosen due to rational building solutions and opportunities to expand the possibilities of the house by installing terraces on the roofs. Technologies implemented in construction and living environments are compatible with ecology, allow efficient use of energy resources and protect nature.

Progress of the project:
The owner of the project purchased the plots of the household property at the address Fabriko st. and Pilialaukio st., Vilnius, with a total area of 455.16 ares. Also built 4 houses: 3 L-shaped three-apartment houses with areas of 48, 55 and 65 square meters and one private house with an area of 88 square meters. Currently, the following works have been performed in the house: the house is insulated with eco-wool, the roof is covered, the floor heating is installed and the communications are concreted and laid out. By the end of November, the project plans to put together windows and doors, make interior room partitions. The project owner has already poured 8 foundations for individual houses on other plots of land. One detached house is already fully built but not yet registered. The foundations of the two three-aparmtnet houses are also being laid. It is planned to sell one house / apartment with partial finishing from EUR 1 050 euros per square meter, and with full finishing from EUR 1 250 per square meter. The planned sales revenue of the whole project is EUR 5 300 000.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors 40 land plots of land with a total area of 4,5516 ha are pledged at Fabriko st. 25; 25A; 25B; 25C; 25D; 25E; 25F; 25G; 27; 27A; 27B; 27C; 27D; 27E; 27F; 27G; 29; 29A; 29B; 29C; 29D; 29E; 29F; 29G; 31; 31A; 31B; 31C; 31D; 31E; 31F; 31G Vilnius, Vilnius city municipality. Pilialaukio st. 51; 53; 55; 57; 59; 61; 63; 65 Vilnius, Vilnius city municipality. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 1 065 000.

Maximum planned amount of funding for the project: EUR 3 500 000. 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 100 EUR to 999 EUR – 8,5%
– From 1 000 EUR to 19 999 EUR – 9,5%
– From 20 000 EUR – 10,5%
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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