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Loftai, Kaunas XVI

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100 %
  • Status funded
  • Goal 120,000 EUR (€)
  • Raised 120,000 EUR (€)
  • Investors 201
  • Interest rate 7%
  • Loan To Value(LTV) 36%
  • Credit Duration 18 month

Sixteenth project„ Lofts, Elektr?n? str. “Financing phase. This is the first stage after the new valuation of the property, then the official value of the property is currently EUR 2,304,400. The purpose of the loan is the conversion of administrative premises into apartments. Also, the developer at the same address The cost of the loan covered by the rental income from these apartments buses is 35 lofts, which he has already leased.

The developer has acquired two administrative premises at Elektr?n? str. 8N, Kaunas. 116 lofts / apartments are being installed in these premises.

We share the latest information on the development of this project:
• The first floor is ready for rent, the apartments are fully finished. There are 24 apartments on this floor, which are registered to this day and changed their purpose to residential / apartments. The planned rental income is 57,600 euros per year.
• Another 30 apartments have been formed on the second floor. The formation of apartments consists of: G / K partitions, G / K ceilings, ventilation systems, water, sewage, electrical inlets. Full finishing of 15 apartments will be done by 2020-10-01, the remaining apartments will be installed by 2020-11-30. The ordered furniture, after which these apartments will be rented for 200-250 euros per month. The planned rental income is 72,000 euros per year.
• Another 30 apartments are being formed on the third floor. Water, sewage and electricity inlets for 15 apartments have already been brought. The first 15 apartments are planned to be completed by 14/09/2020.

To protect the interests of investors, the property is pledged at Elektr?n? str. 8N, Kaunas: 35 equipped 14-40 sq. M. m area of ???? ‹??‹ apartments with a total area of ? 794 sq. km. m. and two administrative premises with a total area of ??3,810 sq. m. m. Completeness of pledged assets – 100%

For investors at all stages, the property is pledged as a primary mortgage

The borrower will have the right to borrow additionally in other stages, provided that the LTV does not exceed 55%. At this stage, the loan-to-value ratio (LTV) is 36%

We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days. without raising funds.

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