We present the second stage of the phased financing project “LOFT206”. The funds raised will be used for the development of a real estate project. The amount to be raised at this stage is EUR 47 000. This loan will be covered by the company’s operating income and real estate sales.
About the project owner:
The project owner has experience in real estate development. Implemented 6 different construction projects with a total area of 4 080 square meters.
The aim of the project:
The project owner will use the raised amount for the repair and installation of the premises. There are 56 separate lofts in the premises, each with an area of about 30 square meters. Currently, 25 lofts are already reserved, 10 of them are sold (notarial contracts have been signed). Lofts are sold with a full finish of 1 200 – 2 000 euros per square meter. The planned sales revenue for the entire project is about EUR 3 200 000.
Progress of the project:
The final settlement for the pledged premises and the installation of the sold lofts was made with the funds of the first stage.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To protect the interests of investors, 8 creative workshops (lofts) with a total area of 196.4 square meters are pledged at Savanoriu Avenue 206B-206, 208, 209, 227, 304, 305, 306, 309, Kaunas. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 373 000.
Maximum planned amount of funding for the project: EUR 378 000. 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%
– From 1 000 EUR to 4 999 EUR – 8,5%
– From 5 000 EUR – 9%
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.