We present a new phased financing project “Metropolio loftai”. The project owner will use raised funds to purchase the real estate, which he will later be furnished. The amount to be raised at the first stage is EUR 77 000.
About the project:
ANDRUM METROPOLIS is a new multi-storey residential building with commercial premises on the first floor. A great location – an active city centre, near the Vilnius municipality, business and shopping centres, entertainment and educational places. At the same time, it is a quiet place to live, as the project is being developed away from the city’s main streets.
The aim of the project:
The project funds will be used to purchase an apartment with an area of 48.18 square meters, built in 2022, on the first floor of a brick apartment building. Currently, according to the Registry Center, the apartment is 90% complete, but at the time of 100% completion, the apartment will be registered up to 53 square meters since the mezzanine will be increased (the actual area is about 60 square meters). The owner of the project buys an apartment for EUR 115 600, which he intends to furnish in a modern way with all household appliances and furniture. After completing these works, the apartment will be sold. The estimated sales revenue is around EUR 240 000. The proceeds of the sale will repay this loan.
To secure the interests of investors, real estate is pledged with a primary mortgage:
To secure the interests of investors, an apartment of 48.18 square meters is pledged at Krakuvos st. 60-96, Vilnius. According to an independent real estate appraisal, the value of real estate pledged to investors is EUR 110 000.
Maximum planned amount of funding for the project: EUR 185 000. 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.
We plan to collect the accumulated amount within 7 days with the possibility to extend it to 21 days without raising funds.