Loftai, Kaunas XXIII

This is the last stage of financing the project “Lofts, Elektrenu St.”. The purpose of the loan is the conversion of administrative premises into apartments.

To form 116 lofts / apartments in the premises pledged to investors. Of these, 78 apartments are already rented and generate rental income, another 14 apartments will be rented by December 23. The remaining apartments are already formed, they will soon be fully finished. These apartments will also be rented.

The funds financed at this stage will be used by the company to complete the installation of 24 apartments on the fourth floor.

Also, the borrower has installed 35 lofts in other premises at the same address that he has already rented. The rental income from these apartments covers the loan costs.

A total of 59 fully equipped apartments (with a total area of ??2172.34 sq.m) and administrative premises (2371.12 sq.m) were pledged to investors. Another 92 apartments have been formed in the administrative premises, which will be registered in the near future.

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

Maximum planned amount of project financing: EUR 1,300,000. The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV. The maximum loan-to-value ratio (LTV) is 55%.

The borrower pays interest to upstream investors on time. An experienced developer has previously successfully implemented similar projects.

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

Interest by investment amount:

From EUR 100 to EUR 299 – 6%

From EUR 300 to EUR 499 – 6.5%

From EUR 500 – 7%