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LOFT206B Savanoriuose

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100 %
  • Status funded
  • Goal 235,900 EUR (€)
  • Raised 235,900 EUR (€)
  • Investors 374
  • Interest rate 8.5%
  • Credit Duration 12 month

We present a new funding project “LOFT206B Savanoriuose”. The raised funds will be used for the refinancing of existing loan and the development of the real estate project. The amount to be raised is EUR 235 900.

About the project whose loan is being refinanced:
The owner of the project purchased a production building, which he reconstructed into 56 lofts, each 30-38 square meters. Currently, 32 lofts have already been sold. Of the remaining lofts, 6 more are planned to be sold, and the remaining 18 lofts are to be rented. The expected sales income will reach EUR 591 600, and the monthly rental income of one loft will reach EUR 450-500.

About the developing project:
The owner of the project is developing eight semi-detached and two single-family houses on nine plots of land. Currently, the 6th semi-detached house is being developed in the project. It is planned to develop all the remaining houses by the new year. Four houses are already reserved. Estimated income from the sale of all houses EUR 2 993 000.

To secure the interests of investors, real estate is pledged with a primary mortgage:
To protect the interests of investors, 5 creative workshops (lofts) with a total area of 148.02 square meters are pledged at Savanoriu Avenue, Kaunas. According to an independent real estate appraiser, the value of the mortgaged real estate is EUR 337 000.

Interest by investment amount:
– From EUR 100 to EUR 499 – 8.5%
– From EUR 500 to EUR 999 – 9%
– From EUR 1 000 to EUR 4 999 – 9.5%
– From EUR 5 000 to EUR 14 999 – 10%
– From EUR 15 000 to EUR 29 999 – 10.5%
– From EUR 30 000 – 11%
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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